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Taneytown-based EVAPCO, Inc., has acquired majority ownership in Brazilian company SEMCO Refrigeration and Air Conditioning.

The acquisition is mutually beneficial for both EVAPCO and SEMCO, as EVAPCO gains a manufacturing presence in South America, expanding the company's global footprint as an industry leader in the commercial HVAC, industrial refrigeration, power generation and industrial process markets, according to a news release from the company.

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SEMCO, located in Sao Paulo, Brazil, is now operating under the name EVAPCO SEMCO Equipamentos de Refrigeração Ltda. The new company retains its current staff, and Jose Alignani Neto continues as CEO, now reporting to EVAPCO Vice President of Finance Adam Michel in the company's world headquarters in Taneytown, according to the release.

SEMCO is now able to grow its business in South America by incorporating EVAPCO's product lines into its offerings, including the latest advancements in heat transfer efficiency, water conservation and sound reduction technology, according to the release.

"This is one of those '2+2=5' business opportunities that will benefit many customers in South America," said William Bartley, president and CEO of EVAPCO, Inc., in the prepared statement.

Bartley said the fit was two-fold. It gave EVAPCO a manufacturing presence in South America and the high quality of employees at SEMCO fit into the company's business culture.

"For SEMCO, the marriage with EVAPCO makes sense because of technological opportunities," said Alexandre Bonfim de Azevedo, managing partner of SEMCO Partners Ltda in the prepared release.

EVAPCO'S technological advancements will "provide the leverage required to propel the business in South America to levels unattainable without EVAPCO's involvement," he said.

EVAPCO, Inc. is an employee-owned global manufacturer of heat transfer solutions for the commercial HVAC, industrial refrigeration, power generation and industrial process markets, according to the release. EVAPCO products are now manufactured in 20 locations in 10 countries around the world and supplied through a sales force of over 170 offices.

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