“With the focus that comes from being a standalone company, and the support of our shareholders, Blackstone and Emerson, we plan to extend the company’s leadership position in the industry and develop new and integrated climate technology solutions,” said Ross B. Shuster, chief executive officer of Copeland.
Copeland will continue to serve the global HVAC/R market with its product portfolio, including compressors, controls, thermostats, valves, software and monitoring solutions for residential, commercial and industrial customers.
As stated in its press release, Copeland adds that “its products, expertise and innovation play a key role in improving the energy efficiency of heating and cooling solutions – including the rapidly growing market for electric heat pumps and climate-friendly refrigerants, which are seeing strong demand and global adoption given their potential to reduce the environmental impact and carbon emissions of HVAC systems.”
In 2022, Copeland had net sales of $5 billion. Copeland will continue to operate from St. Louis, while maintaining a global footprint to serve customers in Europe, Latin America, Asia, the Middle East and Africa.