Aalberts Industries Becomes Second Largest Commercial Heat Treater in North America
In a move which surprised many, Aalberts Industries of the Netherlands, one of the largest commercial heat treaters in the world acquired Premier Thermal in the US, July 16th, catapulting the company into the second largest commercial heat treater in North America in terms of sales, The official press release is below along with our descriptions of both Aalberts Industries and Premier Thermal. To find out how each company rates in terms of annual sales please look at our list of the largest commercial heat treaters in North America in 2020 http://www.themonty.com/
project/largest-north- american-commercial-heat- treats-august-2020/ Keep in mind that “The Monty Heat Treat News” will be updating our list to the 50 largest in North America in the coming weeks.
“Aalberts N.V. has reached a definitive agreement to acquire 100% of the shares of Premier Thermal Solutions LLC (PT), based in Lansing (Michigan, USA). PT operates nine locations across the industrial Midwest in Michigan, Wisconsin, Indiana and Ohio, generating an annual revenue of approximately USD 60 million with 250 FTE.
PT provides surface technologies and related services to achieve metallurgical specifications for its various industrial customers. As leading aluminium treatment provider in North America, PT is serving the light and heavy truck, electrical vehicles, agriculture, defense and aerospace end markets. For steel treatments, PT also offers ferritic nitrocarburising processes. PT invented NitroSteel®, a more durable and sustainable alternative to chrome plated steel products. This ferritic nitrocarburised steel bar is wear-resistant and corrosion-resistant, providing outstanding durability for cylinder rods.
PT is active in the industrial Midwest region of the USA, where Aalberts surface technologies already has core activities in the Northeast and Southeast region. The specialised technology portfolio is complementary to Aalberts surface technologies. The combination of Aalberts’ surface technologies business with PT’s technologies and footprint creates a stronger business with significantly increased scale, a wider surface technologies offering to our customers, expanded geographical footprint and enhanced growth prospects throughout the North American market. PT has a promising project funnel, mainly in the electrical vehicles, light and heavy truck, agriculture and industrial end markets. Critical NADCAP and OEM certifications allow Aalberts surface technologies to further penetrate the defense and aerospace markets in North America.”
The experienced management team of PT, under the leadership of Steven Wyatt, will continue to develop the business, driving the many business opportunities. The results of PT will be consolidated after finalising all necessary formalities. The acquisition will directly contribute to the earnings per share and will be financed from existing credit facilities.
About Premier Thermal. Premier Thermal is a commercial metal processing company based in Lansing, MI. With ten plants and 260 employees located throughout the Midwest, Premier Thermal has been delivering high quality products and services to its customers throughout the United States, Canada and Mexico since 1978. Premier Thermal has the technical expertise and equipment necessary to heat treat both ferrous and non-ferrous metals with diverse processing capabilities including ferritic nitrocarburizing, isothermal annealing, spheroidize annealing, solution annealing (water, air and glycol quench), aging, normalizing, neutral hardening (oil and polymer quench), zinc phosphate and lube coating, blast cleaning, grinding and polishing. Premier Thermal also offers a ferritic nitrocarburized bar product; NitroSteel® bar is an environmentally friendly alternative to chrome plated bar providing superior corrosion resistance, improved wear resistance, better lubrication retention and no surface pitting or flaking. www.premierthermal.com
About Aalbert. Aalberts N.V. is a public company with its global HQ in the Netherlands. For years, Aalberts’ has maintained a significant position in the heat treat industry in Europe with its Hauck heat treatment division. Aalberts has continued that success here with its group of US heat treaters: Accurate Brazing, Applied Process and Ionic Technologies. The US group consists of eight physical locations and offers a wide range of heat treating technologies with the most recent addition of HIPing in its Accurate Brazing facility in Greenville, SC.
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