Mestek Announces Purchase of Dadanco-Mestek JV

Mestek Inc., the Westfield, Mass.-based manufacturer of HVAC and metal-forming products, recently announced the conclusion of an agreement to purchase remaining interest in Dadanco-Mestek JV from Dadanco Pty Ltd. of Adelaide, Australia, with which it formed a joint venture to produce and market active chilled beams, induction units, and induction diffusers for the North, Central, and South American markets in 2007.

To mark Dadanco-Mestek JV becoming a wholly owned subsidiary of Mestek, an agreement was reached for a major refurbishment of offices in Westfield to house Dadanco. Demolition is under way.