March 15, 2017, Zhuhai, PRC – Cooper&Hunter, a globally acclaimed manufacturer of a wide range of HVAC equipment, announced today that they have entered into definitive agreements for a long-term strategic partnership with Zhuhai Vino Environmental Technology Equipment Co. LTD and company stock share purchases are expected to increase for both companies on the global market.
As a result of the reached agreement, the Zhuhai factory has received a new name: Zhuhai Vino – Cooper&Hunter Environmental Technology Equipment Co. LTD. From summer 2017, Cooper&Hunter is planning to supply a new product line from the production facility to the USA, Canada and Europe.
The new, innovative partnership leverages the respective strengths of both Cooper&Hunter and Zhuhai Vino Environmental Technology Equipment Co. LTD. in order to create compelling value for both companies and their share owners. Importantly, the partnership strategically aligns both companies for the long-term goal by combining the strength of Cooper&Hunter's worldwide distribution with Zhuhai Vino Environmental Technology Equipment’s R&D and production.
Cooper&Hunter is dedicated to technological innovation and consumer-driven product development. Partnership with Vino Environmental Technology Equipment Co. LTD will allow the company to continue generating new products whilst adhering to the highest quality standards, providing reliable, energy-efficient, and cost-effective air conditioning solutions.
The outstanding R&D team at Zhuhai Vino Environmental Technology Equipment Co. LTD. holds a comprehensive expression of the latest technologies in the A/C industry, including state-of-the-art testing facilities. The factory's EER Testing Standard is 4% higher than the China National Standard. These exceptional technological standards match Cooper&Hunter’s commitment to producing quality products that improve customers’ lives.
“Cooper&Hunter continues to identify innovative approaches to partnerships that enable us to stay at the forefront of consumer trends in the HVAC industry. We see value potential in reducing production costs and improving NPI spending. Ultimately, as we develop more production lines, we can build added value for our customers, meeting their current needs and promoting future engineering trends.” said Yanira Angeles, VP of Sales in Comfortside LLC, an exclusive master distributor of Cooper&Hunter in the USA and Canada.
Zhuhai Vino Environmental Technology Equipment Co. LTD. CEO Mr. Yuan expressed his enthusiasm in regards to the partnership: “We are excited to evolve our long-time partnership. Cooper&Hunter has been an important player in the global HVAC market for the last 20 years. We are inspired by Cooper&Hunter’s performance-driven and entrepreneurial culture, proven success in building and extending brand notoriety, and their strong product innovation pipeline. We believe this partnership will create compelling and sustainable value for our business and our shareowners.
Mr. Yuan added: "The agreement announced today represents a unique opportunity for Zhuhai Vino Environmental Technology Equipment Co. LTD as we gain enhanced access to Cooper&Hunter’s distribution system all over the world. At the same time, we become Cooper&Hunter Company’s R&D base and production boutique for customized products, based on specific customers’ insights, with a robust portfolio led by Vino line and Cooper&Hunter brands.”
“Adding manufacturing facilities is a key part of Cooper&Hunter's evolution into the leading HVAC manufacturing company. We are creating a more productive environment with our innovative world-class equipment, materials and software. We are poised to not only benefit from this movement as a brand, but spearhead it as a leading supplier in North America,” said Yanira Angeles,VP of Sales in Comfortside LLC.
Since 2003, COOPER&HUNTER equipment has grown in popularity all over the world. The number of products yielded under the Cooper&Hunter brand is now measured in the millions and the "C&H" logo itself has become a mark of quality and reliability of HVAC equipment. The company’s goal has always been to supply their customers with the best quality of air conditioners for an affordable price. Cooper&Hunter is expecting to double their business in North America by 2020 with attractive returns.
Headquartered in Miami, Florida, Comfortside LLC is the exclusive master distributor of Cooper&Hunter in USA and Canada.
About Zhuhai Vino Environmental Technology Equipment Co. LTD:
The Zhuhai Vino Environmental Technology Equipment Co. LTD. production line is a moderately sized facility with a little more than 10,000 sq.m of production space, which is fully equipped, up-to-date, and covered by well known world certifications. The products coming from the line include high wall, duct, multi zone and special customized air conditioners, which are sold in more than 30 countries, including North America, Europe, Australia, and Southeast Asia. Major team members have over 10 year’s professional experience in R&D/QC/PM within leading AC companies.