Exchanger Industries Limited, the Canadian designer and manufacturer of heat transfer products for the energy, petrochemical, industrial and clean power generation sectors, has acquired HRS Heat Exchangers.
HRS is a specialist global supplier of heat exchangers and custom process systems across the environmental, chemical and pharmaceutical sectors.
The acquisition by EIL creates new opportunities by combining HRS’s capabilities and market sectors with EIL’s accelerating expansion into power generation, liquified natural gas (LNG), renewable energy, power storage and biofuels applications.
Mark el Baroudi, CEO of EIL, said: “For decades, we’ve worked hard on behalf of our customers in Canada, the US and 25 countries worldwide, consistently providing them with mission-critical, innovative solutions in some of the most demanding environments, the HRS acquisition will provide numerous benefits to our customers including a broader capability to provide heat transfer solutions to environmentally sustainable projects in the biogas and wastewater treatment sectors, in addition to EIL’s existing projects in clean power generation, LNG emissions-free power storage and biofuels applications.”
Steven Pither, founder and CEO of HRS,added: “We’re thrilled to join the EIL family and continue our journey to building a highly respected global supplier of heat transfer products. Leveraging EIL’s expertise in designing innovative heat transfer systems, and their established track record in creating streamlined, highly efficient business processes will allow us to enhance our product offering and effectively scale our Spanish and Indian manufacturing operations; delivering timely, cost effective.”
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