Wabtec Acquires Thermal Transfer, A Supplier Of Industrial Heat Exchangers
April 06 2017 - 9:00AM
Wabtec Corporation (NYSE:WAB) has acquired Thermal Transfer Corp.,
a supplier of industrial heat exchangers. The company has annual
sales of about $25 million.
Thermal Transfer manufactures heat exchangers and related
components for a variety of industrial markets. The majority of its
sales are in the U.S. and in the aftermarket.
Raymond T. Betler, Wabtec’s president and chief executive
officer, said: “Thermal Transfer will be an excellent
strategic fit with our existing heat exchanger products for rail
and industrial markets. The company offers a broad portfolio
of heat transfer solutions for niche applications, which will
enable Wabtec to diversify its product and market applications
further. In addition, Thermal Transfer’s extensive design and
engineering expertise will complement our existing
capabilities.”
Thermal Transfer focuses on providing innovative and durable
products in industrial applications where high temperatures and
corrosive elements are present. The company has products
installed worldwide.
Wabtec Corporation is a leading global provider of equipment,
systems and value-added services for transit and freight rail.
Through its subsidiaries, the company manufactures a range of
products for locomotives, freight cars and passenger transit
vehicles. The company also builds new switcher and commuter
locomotives, and provides aftermarket services. The company has
facilities located throughout the world.
Contact:
Tim Wesley
Phone: 412.825.1543
E-mail: twesley@wabtec.com
Website: www.wabtec.com
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