MISSISSAUGA, Ontario - Desert Spring Products and Thermolec jointly announced the sale of Thermolec’s bypass humidifier product line to Desert Spring Products for an undisclosed sum. The purchase includes all intellectual property, production tooling, and inventory associated with Thermolec’s patented Series M600/550 water-conserving flow-through humidifiers, as well as the Innovative Series M400/300 self-cleaning drum humidifiers.
“Due to sustained and rapid growth in Thermolec’s core electric heating equipment and controls business, the residential humidifier business was not getting the attention it deserved,” explained Cherif Menassa, president of Thermolec.
“We believed that Desert Spring Products was the buyer best positioned to develop this business to its full potential.”
Peter VanderPlaat, CEO of Desert Spring Products, considered these two newly acquired products as ideal additions to the company’s patented Rotary Disc humidifier.
“This provides Desert Spring Products with a broader range of products, each of which is consistent with our unique focus on providing patented water conserving humidifier technology,” he said. “Having these products will also allow us to expand our distribution channels beyond our current scope.”
Desert Spring Products will continue to serve Thermolec’s existing customers for these products under its own brand, as well as various existing OEM arrangements.
For more information, visit www.desertspringproducts.com or www.thermolec.com.
Publication date:06/23/2008
