Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has acquired the US-based company Air Cooled Exchangers, LLC (ACE), a leading manufacturer of custom-engineered air-cooled heat exchangers, used to cool air, natural gas, oil and water in the natural gas market as well as other energy-related end markets.
Lars Renström, President and CEO of the Alfa Laval Group, comments: “The acquisition of ACE brings a new product range into our heat transfer offering, at a time when demand for air-cooled heat exchangers is accelerating – especially in the natural gas industry. Together, Alfa Laval’s overall position is further strengthened, and we’re even better positioned to serve the energy-related industries.”
ACE is expected to generate sales of approximately SEK 350 million in 2012, with profitability well above the average for the Alfa Laval Group. The intention is to integrate Air Cooled Exchangers, LLC into Alfa Laval’s Energy & Environment segment, within the Process Technology division. The company was acquired on December 31st 2012.
Did you know that… Air Cooled Exchangers (ACE) was founded in 1964 and that the company currently has 230 employees at its location in Broken Arrow, Oklahoma, US?