Modine Manufacturing Company’s MOD Climate Solutions business is benefitting from the successful integration and strong contributions of its recent strategic acquisitions, AbsolutAire, L.B. White and Climate by Design International (CDI), all finalized in 2025.
Modine closed the acquisition of AbsolutAire, a manufacturer of direct-fired heating, ventilation and make-up air systems, in April 2025. This move added a premium HVAC solution to Modine’s portfolio, strengthening its ability to serve customers seeking sustainable, high-performance air management systems. Integrated into Modine’s Heating & Schools IAQ group within the Climate Solutions segment, AbsolutAire expands Modine’s presence in commercial, industrial, food service and warehousing markets. These sectors are experiencing strong demand, driven by stricter HVAC and air quality standards.
In May, Modine acquired L.B. White, a leading supplier of specialty heating products for agriculture, construction and special events. L.B. White and AbsolutAire support the company’s strategy to address mission-critical thermal management challenges while expanding into adjacent, fast-growing markets.
In July, Modine closed the acquisition of CDI, a Minnesota-based firm known for desiccant dehumidification systems and process air handlers. CDI enhances Modine’s Commercial IAQ offerings with advanced humidity control technologies ideal for pharmaceutical, healthcare, food processing and cold storage environments. Alongside previous acquisitions of Napps Technology and Scott Springfield, CDI broadens Modine’s reach and adds U.S. manufacturing capacity for air-handling systems. MOD carries a Zacks Rank #3 (Hold) at present.
Collectively, these acquisitions are expected to be accretive to earnings and support growth under Modine’s 80/20 operating model. In the first quarter of fiscal 2026, Climate Solutions segment sales rose 11% year over year to $397.4 million, driven by $10 million in revenues from the new acquisitions.
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