Modine will acquire Michigan-based manufacturer of heating and cooling products

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Racine-based Modine, a manufacturer of thermal management products, has entered into a definitive agreement to acquire Kalamazoo, Michigan-based AbsolutAire. AbsolutAire is a manufacturer of direct-fired heating, ventilation and make-up air systems. Terms of the transaction, which is expected to close on April 1, were not disclosed. “Acquiring AbsolutAire is in line with our strategy to

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