Last updateTue, 18 Dec 2018 4pm


Valve Manufacturing

Spirax-Sarco Acquires Chromalox for $415 Million

Spirax-Sarco Engineering plc has signed an agreement to acquire Chromalox, Inc. from Irving Place Capital for a cash-free, debt-free consideration of $415 million. Chromalox is a provider of electrical products, systems and solutions for industrial process heating and temperature management. It will form part of the Spirax Sarco business group and be reported as a separate segment within that business. In the year ended September 30, 2016, Chromalox recorded revenues of $201 million. 

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