Dover Announces Sale of California Based Aftermarket Services Business

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Mar 06, 2020, 16:56 ET

DOWNERS GROVE, Ill., March 6, 2020 /PRNewswire/ -- Dover (NYSE: DOV) announced today that it has completed the sale of the Chino, California, branch of The AMS Group, a leading regional aftermarket refrigeration services and solutions provider based in Southern California, to PMC Capital Partners, LLC. The AMS Group, a division of Hill PHOENIX, Inc., a leading retail refrigeration solutions provider, will continue to provide project management and aftermarket services and solutions from its Phoenix, Arizona facility. Terms of the transaction were not disclosed.

About Dover:

Dover is a diversified global manufacturer with annual revenue of over $7 billion. We deliver innovative equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services through five operating segments: Engineered Products, Fueling Solutions, Imaging & Identification, Pumps & Process Solutions and Refrigeration & Food Equipment. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 60 years, our team of approximately 24,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at www.dovercorporation.com .

About Dover Food Retail:

Dover Food Retail, part of Dover Corporation with headquarters in Conyers, Georgia, is the partner to customers seeking to create unique food experiences. Employing the capabilities of our industry-leading brands, Anthony and Hill PHOENIX, we are able to provide insight and a comprehensive portfolio of innovative solutions that enables our customers to sell more food, more profitably. Our ability to evolve with the ever-changing market demands is driven by our passion for understanding our customers' business and providing them with the best quality products and services they need to succeed both today and in the future. Our focused, forward-thinking approach, combined with the strength of our brands, sets the stage for streamlined product development, a broader product portfolio, and cutting-edge technology resulting in redefining what is possible for customers in the food retail value chain.

About Hill PHOENIX:

Hill PHOENIX, Inc., a Dover company, is based in Conyers, GA. The company designs and manufactures commercial refrigerated display merchandisers and specialty products, refrigeration systems, and integrated power distribution systems. In addition, an extensive network of independent dealers works together with Hill PHOENIX service and support centers to service the needs of customers throughout North America. Visit the company on the Web at www.hillphoenix.com.

Investor Contact:	Media Contact:
Andrey Galiuk	Adrian Sakowicz
Vice President – Corporate Development	Vice President – Communications
and Investor Relations	(630) 743-5131
(630) 743-5039	[email protected]
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