News Article | May 26, 2017
NEW YORK & PITTSBURGH--(BUSINESS WIRE)--Private equity firm Irving Place Capital (“IPC”) and Chromalox, Inc. (“Chromalox”), a thermal technology company, announced today that they have entered into a definitive agreement to sell Chromalox to Spirax-Sarco Engineering plc (“Spirax-Sarco”, LSE: SPX), a UK-based company specializing in the control and efficient use of steam and other industrial fluids, for $415 million in cash. Completion of the transaction is subject to customary closing conditions. Chromalox is a technology company that delivers temperature management and process heating solutions for customers in a diverse range of industrial markets. With a century of experience, a global footprint, and the most comprehensive suite of heating and control products in the industry, Chromalox is recognized as a premier brand in the process heating market. Chromalox was founded in 1917 and is headquartered in Pittsburgh, PA. IPC acquired Chromalox in December 2012. “It has been a pleasure to work with the team at Irving Place Capital. In particular, their support of our growth planning process has enabled Chromalox to develop multiple innovative technologies, without peer in the industry, providing the foundation for future growth,” stated Mike Sutter, President and CEO of Chromalox. “We are excited to become part of Spirax-Sarco and leverage our combined capabilities to expand and develop our business.” “Chromalox is a unique, highly diversified company with a deep history as a technology leader. The management team has done an exceptional job and positioned the company for continued success. We wish our management partners and all Chromalox employees the very best as they join Spirax-Sarco,” said Keith Zadourian, a Partner at IPC. Since 2012, Chromalox’s management team, with the support of IPC and its dedicated resources, has executed numerous strategic initiatives, including investing in key technology platforms, accelerating new product development, expanding into new geographies and enhancing productivity efficiencies. These initiatives have enabled Chromalox to solidify and improve upon its position as a leader in the global thermal management market. UBS Investment Bank and Greenhill & Co., LLC acted as financial advisors to Chromalox, and Weil, Gotshal & Manges LLP served as legal counsel on the transaction. Chromalox is a thermal technology company that engineers thermal solutions for the world’s toughest industrial heating applications. Chromalox goes to market globally across three business segments. The Heat Trace segment delivers temperature management solutions for piping systems, valves, and tanks. The Industrial Heaters and Systems segment delivers process heating solutions for revenue-generating industrial processes, and the Component Technologies segment delivers component heating solutions for industrial equipment manufacturers. Since its founding in 1997, Irving Place Capital has invested in over 60 portfolio companies, primarily in the industrial, packaging, consumer and retail industries. The firm focuses on making control or entrepreneur-driven investments where it can apply its substantial operating and strategic resources and expertise to enhance value. Irving Place Capital has successfully executed a broad range of transactions, including buyouts, recapitalizations, build-ups, corporate divestitures, take-privates and distressed-to-control situations. Irving Place Capital generally seeks to invest in companies headquartered in North America or Western Europe. More information about Irving Place Capital is available at www.irvingplacecapital.com.
News Article | May 5, 2017
— Global Electric Heating Cable Industry Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight. Companies profiled in this report are Raychem, Sst, Anhui Huanrui, Thermon, Bartec, Wuhu Jiahong, Emerson, Anbang, Eltherm, Heat Trace Products, Anhui Huayang, Chromalox, King Electrical Manufacturing, Flexelec, Garnisch, Wanlan Group, Suntouch, Aoqi Electric, Thanglong Electric, Urecon, Briskheat, Technitrace, Drexan Energy Systems, Daming in terms of Basic Information, Manufacturing Base, Sales Area and Its Competitors, Sales, Revenue, Price and Gross Margin (2012-2017). Split by Product Types, with sales, revenue, price, market share of each type, can be divided into • Type 1 • Type 2 • Type 3 • Type 4 Split by applications, this report focuses on sales, market share and growth rate of Electric Heating Cable in each application, can be divided into • Application 2 • Application 3 • Application 4 Purchase a copy of this report at: https://www.themarketreports.com/report/buy-now/423089 Table of Content: 1 Electric Heating Cable Market Overview 2 Global Electric Heating Cable Sales, Revenue (Value) and Market Share by Manufacturers 3 Global Electric Heating Cable Sales, Revenue (Value) by Countries, Type and Application (2012-2017) 4 Global Electric Heating Cable Manufacturers Profiles/Analysis 5 North America Electric Heating Cable Sales, Revenue (Value) by Countries, Type and Application (2012-2017) 6 Latin America Electric Heating Cable Sales, Revenue (Value) by Countries, Type and Application (2012-2017) 7 Europe Electric Heating Cable Sales, Revenue (Value) by Countries, Type and Application (2012-2017) 8 Asia-Pacific Electric Heating Cable Sales, Revenue (Value) by Countries, Type and Application (2012-2017) 9 Middle East and Africa Electric Heating Cable Sales, Revenue (Value) by Countries, Type and Application (2012-2017) 10 Electric Heating Cable Manufacturing Cost Analysis 11 Industrial Chain, Sourcing Strategy and Downstream Buyers 12 Marketing Strategy Analysis, Distributors/Traders 13 Market Effect Factors Analysis 14 Global Electric Heating Cable Market Forecast (2017-2022) 15 Research Findings and Conclusion 16 Appendix Inquire more for more details about this report at: https://www.themarketreports.com/report/ask-your-query/423089 For more information, please visit https://www.themarketreports.com/report/2017-2022-global-top-countries-electric-heating-cable-market-report
News Article | April 20, 2017
— The Report is a professional and in-depth study on the current state of the Electric Heating Cable market. The report provides a basic overview of the Electric Heating Cable industry including definitions, classifications, applications and industry chain structure. This report also states import/export consumption, supply and demand figures, cost, price, revenue and gross margins, and the global market size (volume and value), and the sales segment market is also discussed by product type, applications and region. Key companies profiled in this report are Raychem, Sst, Anhui Huanrui, Thermon, Bartec, Wuhu Jiahong, Emerson, Anbang, Eltherm, Heat Trace Products, Anhui Huayang, Chromalox, Isopad, King Manufacturing, Flexelec, Garnisch and more in terms of basic information, product categories, Sales (Volume), Revenue (Million USD), Price (USD/Unit) and Gross Margin (%) (2012-2017). Global Electric Heating Cable Market Report covers Self-regulating Heating Cable, Constant Wattage Heating Cable, Mineral Insulated Heating Cable, Skin-Effect Heat-Tracing Cable and others as product types whereas applications covered in this report are Industrial, Residential and Commercial. 1 Electric Heating Cable Market Overview 2 Global Electric Heating Cable Competitions by Players 3 Global Electric Heating Cable Competitions by Types 4 Global Electric Heating Cable Competitions by Application 5 Global Electric Heating Cable Production Market Analysis by Region 6 Global Electric Heating Cable Sales Market Analysis by Region 7 Imports and Exports Market Analysis 8 Global Electric Heating Cable Players Profiles and Sales Data 9 Electric Heating Cable Manufacturing Cost Analysis 10 Industrial Chain and Downstream Buyers 11 Marketing Channels Analysis 12 Global Electric Heating Cable Market Forecast (2017-2022) 13 Research Findings and Conclusion Inquire for more details / sample / discount at: https://www.themarketreports.com/report/ask-your-query/478630 For more information, please visit https://www.themarketreports.com/report/2017-global-electric-heating-cable-industry-research-report
Malone N.,Heat Trace Ltd
Hydrocarbon Engineering | Year: 2011
The heat tracing industry has developed new third generation heat tracers, which combine the features of both first generation mineral insulated (M.I.) cables with second generation parallel self regulating and constant power heat tracers. Heat Trace Limited has developed and patented a parallel resistance M.I. heating cable with a constant power output per unit length. Such device can withstand 425 °C, well beyond the limits of polymers and usually within the requirements of the application. The cable's flat section maximizes heat transfer, lowers operating sheath temperature and optimizes power capability. A new metal sheathed, cut to length, mineral insulated, self regulating heater has been introduced with a temperature capability of 300 °C whether energized or not, thus exceeding the limits of known polymers. Heat Trace Limited has introduced a three phase self regulating heating cable that increases the potential circuit length to three times the limit of a single phase heater.
HEAT TRACE Ltd | Date: 2014-05-21
An electrical heater comprising; a first conductor, a second conductor, and a fluoropolymer heating element disposed between the first conductor and the second conductor, and a temperature regulation element disposed between the fluoropolymer heating element and the second conductor, wherein the fluoropolymer heating element comprises an electrically conductive material distributed within a fluoropolymer, and wherein the electrical heater comprises a stack, the first conductor, the second conductor, the fluoropolymer heating element, and the temperature regulation element comprising layers of the stack.
HEAT TRACE Ltd | Date: 2014-05-21
An electrical heater comprising; a first conductor, a second conductor, and a heating element disposed between the first conductor and the second conductor, wherein the heating element comprises an electrically conductive material distributed within a first electrically insulating material, wherein the first electrically insulating material is an ethylene acetate or ethylene acrylate copolymer, and wherein the electrical heater comprises a stack, the first conductor, the second conductor and the heating element comprising layers of the stack.
Heat Trace Ltd | Date: 2011-03-18
According to a first aspect of the present invention, there is provided a self-regulating electrical heating cable comprising: a first power supply conductor extending along the length of the cable; a second power supply conductor extending along the length of the cable; a third power supply conductor extending along the length of the cable; the first and second power supply conductors being in electrical connection with each other via a first electrically conductive heating element body having a positive temperature coefficient of resistance, and the second and third power supply conductors being in electrical connection with each other via a second electrically conductive heating element body having a positive temperature coefficient of resistance, and wherein, in use, the first, second and third power supply conductors are not physically connected to one another.
Agency: GTR | Branch: Innovate UK | Program: | Phase: Smart - Development of Prototype | Award Amount: 250.00K | Year: 2014
Heat Trace is the technical world leader in the manufacture of self-regulating heating cables, used primarily for heating pipes within the oil/gas market sector. The heating cables comprise two stranded circular copper conductors embedded within a semi-conductive polymeric heating material For this project, the intention is the use of Heat Trace’s base technology to develop prototypes of novel, laminar heating mats, which can be used into targeted markets, thus introducing selfregulating technology for the first time into those markets. The objectives are to develop laminar heating mats providing significant technical benefits, whilst having a lower manufacturing cost than the current state of the art products The major innovative benefit of self-regulating heating technology is that the heater is incapable of overheating or burning out – as its temperature increases, so the heat generated reduces, to a point where the heat output is zero whilst remaining within the maximum withstand temperature of the heater’s constructional materials. Conversely, as the temperature reduces, so the heater produces an increasingly higher power heating load. Such heaters are inherently temperature-safe, and do not require thermostatic control. The major challenge is product cost – the main markets to be addressed involve high volume commodity pricing, where conventional heating cable pricing will be too high. Up to 80% of the cost is in the two copper power conductors. This has been addressed by substituting the expensive copper round wires with flat aluminium foils, thereby reducing the heating element cost by 70%, resulting in very competitive products
Agency: GTR | Branch: Innovate UK | Program: | Phase: Collaborative Research & Development | Award Amount: 402.26K | Year: 2012
This project will develop, for snow melting and ice prevention of rail switch points, an electric heating system which will require less energy than conventional switch point heaters. This new heating system will be have 4 elements: a self- regulating semi-conductive polymeric heater, an advanced intelligent control system, a thermal insulation system and a dual power supply (mains or solar). Concept testing and thermal heat transfer calculations indicate energy savings of 75% and a 30 to 50% reduction in product life cycle costs. In addition, the new heating system cannot burnout and hence is safer than current technology. This would give Network Rail potential energy cost savings of £9.9 million per year and a carbon footprint reduction of 52,000 tonnes of CO2e per year. This technology could be utilised in other rail heating applications such as heating of the third rail, overhead cables, bridges, tunnels, platforms and under-floor heating.
Agency: GTR | Branch: Innovate UK | Program: | Phase: Feasibility Study | Award Amount: 110.19K | Year: 2014
This project will develop, for application in nuclear power and processing, an electrical heating cable which is capable of high temperature withstand and resistance to irradiation. The cable will be a high temperature type built around a novel self-regulating core material suitable for nuclear application. This self-regulating cable, built on new materials offers significant cost reduction and reduced installation time while offering superior safety credentials as the cable cannot burn out, hence making it safer than the current technology. This new material and technology could be utilised in other areas requiring radiation such as long term radiation storage and satellite technologies.