Manufacturer spends $2.6M on Riverside property

A holding company tied to HVAC component producer Lau Fan in Dayton bought a building and twin parcels of Springfield Street land for more than $2.6 million, Montgomery County property records show.

Lau Holdings LLC bought a building and .02 of an acre off Springfield Street from Philips Industries Inc. for $2,635, 100, records show. The sale was recorded Monday.

A 124,000-square-foot building on the property was part of the transaction, at 4509 Springfield St.

The property was moved from one legal entity to another, said Fraser Engerman, a spokesman for Johnson Controls, which owns Lau Fan.

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Lau’s local plant is at 4509 Springfield St. Philips Industries had a location at 4801 Springfield, which today is a Montgomery County Educational Service Center building.

Philips Industries was acquired by a British company, Tomkins PLC, in a $570 million deal in 1990.

At the time, then-Dayton-based Philips made windows and housing components and employed about 10,000 workers at 56 sites worldwide.

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Company founder Jesse Philips died in 1994 at the age of 80.

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