Heat and Control Advances with Tek-Dry and Hunt Heat Exchangers Acquisition
Deal News | Apr 14, 2025 | Irwin Mitchell
Heat and Control, a leading manufacturer of food industry equipment, has acquired Tek-Dry Systems and Hunt Heat Exchangers in a strategic move to enhance its product line and market reach. This acquisition, advised by Irwin Mitchell's Corporate team, aims to strengthen Heat and Control's global position by integrating Tek-Dry's advanced thermal processing technologies and Hunt's specialised heat exchange systems. The deal signifies Heat and Control's commitment to innovative solutions and its expansion into new markets. Company leadership from both acquired entities expressed optimism about the growth opportunities presented by joining Heat and Control.
Sectors
- Manufacturing
- Food Processing
- Engineering
Geography
- United Kingdom – Tek-Dry Systems and Hunt Heat Exchangers are based in Blackburn, Lancashire, UK.
- United States – Heat and Control is a US-based company, indicating cross-border transaction relevance.
Industry
- Manufacturing – The acquisition involves companies that manufacture food processing and industrial equipment.
- Food Processing – Tek-Dry Systems and Hunt Heat Exchangers provide equipment for food industry applications, a primary focus of the acquisition.
- Engineering – Both target companies specialize in engineering solutions with advanced technologies for thermal processing and heat transfer.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Heat and Control | Bidding Company | Company | A world-leading manufacturer of food industry equipment acquiring Tek-Dry Systems and Hunt Heat Exchangers. |
| Tek-Dry Systems | Target Company | Company | A provider of advanced thermal processing technologies for the food industry. |
| Hunt Heat Exchangers | Target Company | Company | Specializes in designing and manufacturing customized heat exchange systems. |
| Irwin Mitchell | Legal Advisor | Company | Advised Heat and Control on the acquisition. |
| Adam Kaucher | Legal Advisor | Person | Corporate partner at Irwin Mitchell, involved in advising the acquisition. |
| Kieran Shields | Legal Advisor | Person | Solicitor at Irwin Mitchell, involved in advising the acquisition. |
| Tony Caridis | President | Person | President of Heat and Control Inc. |
| Stewart Fort | Management | Person | Representative of Tek-Dry Systems Ltd. |