Acquisition Provides HVAC/R Distributors Access to an Extensive Range of HVAC/R Electrical Products

March 5, 2021 (Duluth, Ga.) – DiversiTech Corp., a leading supplier and manufacturer of highly-engineered components, accessories and tools for heating, ventilating, air conditioning and refrigeration (HVAC/R) professionals, announced today that it has acquired Packard, the leading supplier of electrical aftermarket and OEM components in the HVAC/R industry.

“Today marks the beginning of an exciting new chapter for Packard, Inc., one where the joining of two great organizations will accelerate our growth and service within the HVAC/R Industry,” said Packard President Susan Kirkland. “We are excited to embark on this journey with DiversiTech.”

DiversiTech CEO Andy Bergdoll, commented, “DiversiTech is committed to being a supply chain solutions provider for parts & supplies. This means having the broadest product portfolio in the HVAC/R industry to enable wholesalers to consolidate suppliers, streamline ordering & logistics and improve profitability. Last year we commissioned our newest Manufacturing plant in Leesburg, Fl to support our pad growth. We are excited to start 2021 with the addition of Packard to support our growth in electrical aftermarket components. Bringing together the great teams at Packard and DiversiTech will ultimately enable us to deliver more value to our wholesale partners”.

Packard and DiversiTech have each serviced the HVAC/R industry for over 50 years.

For more information about DiversiTech, go to diversitech.com. For more information about Packard, Inc., go to packardonline.com.

Founded in 1971, DiversiTech

® Corporation is North America’s largest manufacturer of equipment pads and a leading manufacturer and supplier of components and related products for the heating, ventilating, air conditioning, and refrigeration (HVAC/R) industry. Headquartered in the Atlanta, Ga. metropolitan area, DiversiTech’s mission for its wholesaler partners is to simplify their work. The Company is focused on growth through internal product development, external partnerships, and acquisition. Manufacturing a suite of products, which includes a wide range of mechanical, electrical, chemical, and structural parts for HVAC/R systems, DiversiTech brings unparalleled scaling capabilities and supplier expertise. The Company holds numerous patents and operates an advanced R & D materials division dedicated to bringing more value to its customers. The Company maintains over 1 million square feet of manufacturing and distribution space in key U.S., Canadian and European locations. DiversiTech has enjoyed a continued history of successful growth and has acquired industry recognized brand names including hilmor®, Imperial®, Quick-Sling®, UltraLite®, Spin® Tools, and SpeedClean®.

About DiversiTech

We have been a dominant force in the HVAC/R industry for over 60 years. As a master distributor, we bring wholesalers and OEMs innovative, high quality products that include top industry names and our own exclusive private-label lines. Although we have regional offices and independent manufacturers’ representatives covering us from coast to coast, we have chosen Kennesaw, Georgia as the home for both our corporate office and our main distribution center. Our customers in the Midwest are served through a state-of-the-art distribution center located in Indianapolis, Indiana and the West Coast is served by our distribution center in Tempe, Arizona. Packard takes pride in being a customer focused company and service, selection and satisfaction will always be top priority.

About Packard, Inc.

Andrea Halpin DiversiTech Corporation (470) 550-5183 ahalpin@diversitech.com

For more information:Andrea Halpin
(470) 550-5183
ahalpin@diversitech.com

DiversiTech® and the DiversiTech chevron are registered trademarks of DiversiTech Corporation in the United States and other countries.