HUDSON, Wis. — Standex Refrigerated Solutions Group (RSG) has reached a definitive agreement to sell its Master-Bilt and Nor-Lake refrigeration businesses to Ten Oaks Group, a family office focused exclusively on corporate divestitures.
Standex continually assesses its portfolio of businesses to ensure alignment with its long-term strategic vision. As part of this assessment, Standex determined the Refrigerated Solutions Group (RSG), specifically the Master-Bilt and Nor-Lake brands, no longer aligns with its long-term strategy. This review was a thoughtful one in which a variety of factors were carefully weighed and ultimately a decision was made to pursue a sale.
Both Standex and the buyer believe the RSG business continues to offer competitive advantages, including strong market brands, dedicated and capable employees and attractive products.