{"id":537335,"date":"2021-09-13T08:05:10","date_gmt":"2021-09-13T12:05:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/modine-announces-strategic-partnership-for-pompano-beach-fl-coatings-business\/"},"modified":"2021-09-13T08:05:10","modified_gmt":"2021-09-13T12:05:10","slug":"modine-announces-strategic-partnership-for-pompano-beach-fl-coatings-business","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/modine-announces-strategic-partnership-for-pompano-beach-fl-coatings-business\/","title":{"rendered":"Modine Announces Strategic Partnership for Pompano Beach, FL Coatings Business"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">Partnership marks important step in Coatings growth strategy<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">RACINE, Wis.<\/span>, <span class=\"xn-chron\">Sept. 13, 2021<\/span> \/PRNewswire\/ &#8212; Modine Manufacturing Company (NYSE: MOD or the &#8220;Company&#8221;), a diversified global leader in thermal management technology and solutions, today announced that it has entered into a strategic partnership and license agreement with Advancoat LLC, an engineering company dedicated to providing corrosion protection and indoor air quality solutions for the HVAC\/R industry located in <span class=\"xn-location\">Pompano Beach, FL.<\/span> This agreement allows Advancoat to provide Insitu<sup>\u00ae<\/sup> coatings services to the <span class=\"xn-location\">South Florida<\/span> market. <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/327361\/Modine_Manufacturing_Company_Logo.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/327361\/Modine_Manufacturing_Company_Logo.jpg\" title=\"Logo (PRNewsFoto\/Modine Manufacturing Company)\" alt=\"Logo (PRNewsFoto\/Modine Manufacturing Company)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>As part of this agreement, Modine will close its <span class=\"xn-location\">Pompano Beach, FL<\/span> facility. This decision is in line with the Company&#8217;s strategy to grow its coatings business by entering into strategic licensing agreements with high quality partners. This strategy will allow for the geographic expansion of the delivery of coatings products and services, while allowing internal resources to focus on new product development and overall channel management.\u00a0 <\/p>\n<p>&#8220;This is an important and timely step in our global Coatings growth strategy,&#8221; said <span class=\"xn-person\">Mike Powell<\/span>, Vice President of Modine CIS Coatings. &#8220;Partnering with a well-established firm like Advancoat ensures that all of our <span class=\"xn-location\">South Florida<\/span> customers will continue to have uninterrupted access to the Insitu<sup>\u00ae<\/sup> corrosion protection products and to receive the high quality coating services they have come to expect. In addition, Modine will continue to manage our important OEM national account customer through our licensee network.&#8221;\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/p>\n<p>This announcement follows a very active period in Modine licensee growth, which has resulted in more than 90 licensed applicators in the Americas region. Parties interested in being reviewed for acceptance into the Modine Coatings licensee network should go to <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3286489-1&amp;h=1899062252&amp;u=https%3A%2F%2Fwww.modinecoatings.com%2Fbecome-an-applicator%2F&amp;a=https%3A%2F%2Fwww.modinecoatings.com%2Fbecome-an-applicator%2F\" rel=\"nofollow noopener\">https:\/\/www.modinecoatings.com\/become-an-applicator\/<\/a>.\u00a0\u00a0 <\/p>\n<p>\n        <b>About Modine <\/b>\n      <\/p>\n<p>Modine, with fiscal 2021 revenues of <span class=\"xn-money\">$1.8 billion<\/span>, specializes in thermal management systems and components, bringing highly engineered heating and cooling components, original equipment products, and systems to diversified global markets through its four complementary segments: BHVAC, CIS, HDE, and Automotive. Modine is a global company headquartered in <span class=\"xn-location\">Racine, Wisconsin<\/span> (USA), with operations in <span class=\"xn-location\">North America<\/span>, <span class=\"xn-location\">South America<\/span>, <span class=\"xn-location\">Europe<\/span> and <span class=\"xn-location\">Asia<\/span>. For more information about Modine, visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3286489-1&amp;h=994810395&amp;u=http%3A%2F%2Fwww.modine.com%2F&amp;a=www.modine.com\" rel=\"nofollow noopener\">www.modine.com<\/a>.<\/p>\n<p>\n        <b>Investor &amp; Media Contact <br \/><\/b><br \/>\n        <span class=\"xn-person\">Kathleen Powers<\/span><br \/>\n        <br \/>(262) 636-1687 <br \/><a target=\"_blank\" href=\"mailto:kathleen.t.powers@modine.com\" rel=\"nofollow noopener\">kathleen.t.powers@modine.com<\/a><\/p>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CG02684&amp;sd=2021-09-13\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/modine-announces-strategic-partnership-for-pompano-beach-fl-coatings-business-301375028.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/modine-announces-strategic-partnership-for-pompano-beach-fl-coatings-business-301375028.html<\/a><\/p>\n<p>SOURCE  Modine Manufacturing Company<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CG02684&amp;Transmission_Id=202109130800PR_NEWS_USPR_____CG02684&amp;DateId=20210913\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Partnership marks important step in Coatings growth strategy PR Newswire RACINE, Wis., Sept. 13, 2021 \/PRNewswire\/ &#8212; Modine Manufacturing Company (NYSE: MOD or the &#8220;Company&#8221;), a diversified global leader in thermal management technology and solutions, today announced that it has entered into a strategic partnership and license agreement with Advancoat LLC, an engineering company dedicated to providing corrosion protection and indoor air quality solutions for the HVAC\/R industry located in Pompano Beach, FL. This agreement allows Advancoat to provide Insitu\u00ae coatings services to the South Florida market. As part of this agreement, Modine will close its Pompano Beach, FL facility. This decision is in line with the Company&#8217;s strategy to grow its coatings business by entering into strategic licensing agreements &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/modine-announces-strategic-partnership-for-pompano-beach-fl-coatings-business\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Modine Announces Strategic Partnership for Pompano Beach, FL Coatings Business&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-537335","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Modine Announces Strategic Partnership for Pompano Beach, FL Coatings Business - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/modine-announces-strategic-partnership-for-pompano-beach-fl-coatings-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Modine Announces Strategic Partnership for Pompano Beach, FL Coatings Business - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Partnership marks important step in Coatings growth strategy PR Newswire RACINE, Wis., Sept. 13, 2021 \/PRNewswire\/ &#8212; Modine Manufacturing Company (NYSE: MOD or the &#8220;Company&#8221;), a diversified global leader in thermal management technology and solutions, today announced that it has entered into a strategic partnership and license agreement with Advancoat LLC, an engineering company dedicated to providing corrosion protection and indoor air quality solutions for the HVAC\/R industry located in Pompano Beach, FL. This agreement allows Advancoat to provide Insitu\u00ae coatings services to the South Florida market. As part of this agreement, Modine will close its Pompano Beach, FL facility. 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