Wabtec Acquires Thermal Transfer

Wabtec Corporation has acquired Thermal Transfer Corp., a manufacturer of heat exchangers and related components for a variety of industrial markets.

Thermal Transfer provides innovative and durable products in industrial applications where high temperatures and corrosive elements are present. Its products are installed worldwide.

The company has annual sales of approximately $25 million, the majority of which are in the United States and the aftermarket.

“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,” said Wabtec President and CEO Raymond T. Betler. 
Wabtec Corporation provides equipment, systems and value-added services for transit and freight rail.