Munters Takes 45% of Texas Coil JV With Lordan for $9.5 Million
Munters will put $9.5 million into a Texas coil venture with Lordan and about €25 million into its Italian chiller plant, the company said on Nov. 11, to secure cooling supply for data centers.
Energy & Cooling DeskEdited by Ege Erten
2 min readAI-assisted
Copper-tube heat-exchanger coils, from Munters' press page; the image is not specific to the Selma joint venture.
Image: Munters
Source · Press image from the Munters newsroom, used for news reporting.
Munters Group said on Nov. 11 that it will invest $9.5 million (about SEK 90 million) for a 45% stake in a coil-manufacturing joint venture with Lordan, near its Data Center Technologies plant in Selma, Texas.
The Swedish cooling maker, which makes data-center air handlers and chillers, said Lordan holds the other 55%. Production is expected to begin in 12-18 months, according to Munters' own release, which Cooling Post also reported. Munters also said it will expand its chiller factory in northern Italy at a total estimated cost of around €25 million.
The pairing addresses two parts of the cooling supply chain: coils inside air-handling gear and finished chillers. Coils are a component Munters says is critical in many of its products, and the deal gives it a contracted source close to its Texas plant. The Italian expansion adds chiller capacity for European customers, where Munters says demand is growing.
What the Munters-Lordan Joint Venture Covers
The agreement with Lordan runs for seven years. Both parties commit to produce and buy a certain quantity of coils over that period, at preferred lead times and price levels, the release said. It did not state the quantity or the prices.
Munters invests MUSD 9.5 for 45% of the coil JV near its Selma, Texas plant; Lordan holds 55%, and production is expected in 12-18 months.
Illustration (AI-generated)
Lordan will run the plant day to day, while Munters will contribute supply-chain and staffing resources. The coils are meant for products such as computer room air handlers (CRAHs) and fan walls. "Coils are a critical component in many of our cooling products," said Frank Pellegrino, president of Munters' Data Center Technologies business area. He added that proximity to the Selma facility brings efficiency and environmental benefits.
Cooling Post described Lordan as a heat-exchanger maker founded in 1958 in Israel, with a facility there and a plant in Wales. It said Lordan formed a joint venture in 2024 with Spain's Serpentines y Evaporadores (SEREVA) near Barcelona.
Italy Chiller Expansion and Timeline
In Italy, Munters is acquiring a site next to its existing chiller plant and will, over the coming year, develop new production lines, research and development capabilities and testing facilities. The company put the total investment at around €25 million. Pellegrino called it a sign of the importance of Munters' Italian operations as a hub for chiller expertise.
For readers tracking supply constraints, the timing is the point. Coil output in Texas is 12-18 months away, so the venture does not change deliveries this winter, and the Italian lines will be built during the coming year. Other cooling suppliers are also adding capacity, as Voltgrid reported on Modine's data-center sales and $400M deal and on FläktGroup's first 2.5 MW DX CDU.
What is not confirmed yet
Munters did not give coil volumes, a Selma plant capacity or a chiller output figure for either project, so the capacity added cannot be sized yet. The release gives the Italian site's location only as northern Italy and says the joint venture will now proceed to establish the Texas facility, without naming a closing date. Funding terms beyond the $9.5 million stake were not stated.
The release also gives no combined total for the two projects; its own figures are $9.5 million and around €25 million.
