Horizon's Aquaheat to buy Hawkins Refrigeration to build national business

Mon, 20 Oct 2014

By Jonathan Underhill Oct. 21 (BusinessDesk) - Aquaheat New Zealand, a unit of Horizon Energy Distribution, is to buy Christchurch-based Hawkins Refrigeration to expand its national reach, retaining existing owners and managers to run the business. Horizon didn't immediately disclose the purchase price for the conditional deal, which is effective Nov. 3 and chief executive Ajay Anand said it wasn't material given the size of his company's balance sheet. "Hawkins Refrigeration complements the existing national Aquaheat business and come...

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