TransTech Group acquires Koch Heat Transfer ( KHT )
On September 23, 2024, TransTech Group, a subsidiary of Bridge Industries, acquired Koch Heat Transfer s North American business through its subsidiary, Metalforms. This acquisition is a significant milestone for both companies, aiming to redefine the heat transfer solutions landscape in the energy and industrial sectors. Metalforms Heat Transfer, known for its twisted tube technology, will continue manufacturing Koch Heat Transfer s North American products under the new brand. The acquisition will take place at Metalforms Beaumont, Texas facility, where most of Koch Heat Transfer s domestic replacement bundles and heat exchangers were previously produced. With headquarters in Beaumont and Houston, Texas, Metalforms will leverage its existing capabilities and assets, along with Koch Heat Transfer s renowned brands, to deliver world-class heat transfer solutions to North American customers. Greg Ezzell, President and Chief Growth Officer of TransTech, expressed excitement about welcoming Koch Heat Transfer into the TransTech family and highlighted the acquisition s potential to transform their ability to provide comprehensive heat transfer solutions. The acquisition aligns with Koch Heat Transfer s commitment to ESG technologies, which improve efficiency, generate energy savings, and lower production costs to help customers meet their ESG goals and boost profitability. Clint Martin, Director of Commercial Operations at Metalforms, emphasized the company s well-established working relationships and retention of Koch Heat Transfer s highly skilled engineers and fabricators, ensuring continuity in quality and service. The collaboration between Metalforms and Koch Heat Transfer will advance KHT s technology leadership while leveraging TransTech s resources to expand manufacturing capabilities and market share. Jeff Berlin, Chairman & CEO of TransTech and President & CEO of Bridge Industries, stated that the acquisition underscores TransTech s commitment to growth and its vision of providing industry-leading heat transfer solutions. Related news from the archive and comments are not included in this summary.
Source: hydrocarbonprocessing.comPublished on 2024-09-23
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