DiversiTech? Corp. Acquires Artiplastic?, Castel Engineering? and Rodigas?

November 7, 2022 (Duluth, Ga.) – DiversiTech? Corp., North America’s leading manufacturer and supplier of components and related products for heating, ventilation, air conditioning and refrigeration (HVAC/R), announced today the formation of DiversiTech Europe, via a merger with Artiplastic? of Milan, Castel Engineering? of Belgium, and Rodigas? of Padua, Italy along with the existing DiversiTech/Pump House business in the United Kingdom. These four companies combined will be the leading European manufacturer and supplier of parts and accessories to the HVAC/R industry. The leaders of Artiplastic, Castel, Rodigas will continue to run the business.

"Having these three great companies join DiversiTech is significant not only for the launch of the DiversiTech platform in Europe, but also for the additional products and services they will provide to our customers in North America," said Andy Bergdoll, CEO of DiversiTech. "We look forward to welcoming the Artiplastic, Castel and Rodigas teams to the DiversiTech family".

Artiplastic, Castel, Rodigas and DiversiTech have been working together for over 15 years. The companies share a common heritage of being founded as family businesses with a strong long-term commitment to customers, employees, and local manufacturing. The combined company will have eight manufacturing plants in the US and Europe.

“This further step marks the definitive consolidation of our company and confirms that quality and innovation win", said Davide Spinola, CEO of Artiplastic. "The commitment to this new challenge is total, and I count on the continuous support of our teams that made it happen".

“Merging the European companies with DiversiTech to become the global leading manufacturer of HVAC installation materials is a dream come true. We are very excited to continue to grow together with DiversiTech and simplify the work of our customers all over the world. The family Castelein will remain on board and

continue to operate with the same familial and passionate entrepreneurial spirit.” Jean Claude Castelein, CEO of Castel Engineering.

"This further step marks the final consolidation of our company and confirms how the values of quality and innovation are winning," said Francesco Roverato, CEO of Rodigas . "The commitment in the face of this new challenge will be great, but I am confident that I can count on the support of the people whose work every day contributes to the growth of our company."

DiversiTech, with existing presence in the United States, Canada, and the United Kingdom, looks forward to expanding its global product portfolio and application expertise with mini-split systems & heat pumps in commercial and residential markets, as well as providing a differentiated service model in Europe to better serve its customers and continued growth globally.

For more information about DiversiTech, visit diversitech.com For more information about Artiplastic, visit artiplastic.it For more information about Castel Engineering, visit castel-engineering.com

For more information about Rodigas, visit rodigas.it

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About DiversiTech

Founded in 1971, DiversiTech? Corporation is North America’s largest manufacturer of equipment pads and a leading manufacturer and supplier of components and related products for the heating, ventilating, air conditioning, and refrigeration (HVAC/R) industry. Headquartered in the Atlanta, Ga. metropolitan area, DiversiTech’s mission for its wholesaler partners is to simplify their work. The Company is focused on growth through internal product development, external partnerships, and acquisition. Manufacturing a suite of products, which includes a wide range of mechanical, electrical, chemical, and structural parts for HVAC/R systems, DiversiTech brings unparalleled scaling capabilities and supplier expertise. The Company holds numerous patents and operates an advanced R & D materials division dedicated to bringing more value to its customers. The Company maintains over 1 million square feet of manufacturing and distribution space in key U.S., Canadian and European locations. DiversiTech has enjoyed a continued history of successful growth and has acquired industry recognized brand names including Fresh-Aire UV?, hilmor?, Packard, Quick-Sling?, and SpeedClean?.

About DiversiTech? International

DiversiTech International (formerly known as Pump House) was founded in 2000, initially with 4 members of staff and a small warehouse. Over the last 22 years it has grown to over 40 members of staff, and now boast approximately 60,000 square feet of warehousing - located centrally in the UK city of Nottingham. In 2016 it became part of the DiversiTech group and on October 1, 2021, name changed to DiversiTech International, with the tried and tested Pump House pumps brand remaining under the DiversiTech International corporate umbrella, as a stand-alone asset. DiversiTech sells its large product portfolio of HVACR and renewable products into over 40 countries globally with best-in-class customer service and delivery.

About Artiplastic? Since 1973, our company has been exclusively involved in plastic processing. A specialization that has allowed us to make continuous investments not only to guarantee constantly better quality standards, but above all to respond to the increasingly challenging requests of our customers. Therefore, for us at Artiplastic, Smart Plastic Solution is a real philosophy which has customer satisfaction as its founding principle; from the extremely rapid resolution of any problems to the customization of our plastic products.

Artiplastic today successfully exports all over the world, but we are proud to be able to say that our company has retained the craftsmanship and familiarity that typically distinguish Italian companies.

About Castel Engineering ? Castel Engineering is a Belgian company specialized in the extrusion and injection moulding of plastic parts mainly for the HVAC/R industries. Founded in 1987 as a small company, it has been growing ever since to become a European leader and a standard reference for quality. The wide variety of product ranges provides highquality components for clean- and coldroom, panel and refrigerated door manufacturers as well as for the installation of air conditioners. With ideal locations for logistics, Castel Engineering Group of companies is proud to serve over 70 countries around the world.

About Rodigas ? Founded in 1958 in Padua, Italy, the company was originally involved in the production of burners for the conversion of old wood or coal stoves to natural gas cookers. The ability to foresee changes in society has always characterized Rodigas, and this ability has led it today to be present on the international market with three production lines in the HVAC/R, Renewable Energy, and Fall Prevention divisions, with distribution in more than 40 countries.

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DiversiTech? and the DiversiTech chevron are registered trademarks of DiversiTech Corporation in the United States and other countries.

For more information:

Andrea Halpin

DiversiTech Corporation

(470) 550-5183

[email protected]