US - based Chart Industries has completed the purchase of Tulsa, Oklahoma-based Cooler Service Company (CSC).
CSC provides a wide range of air cooled heat exchangers into multiple markets including hydrocarbon, petrochemical and industrial gas processing. Chart Industries plans to include the CSC business in its Energy and Chemicals Group (Chart E&C).
"The addition of CSC further strengthens our ability to provide packaged solutions to our current and future energy and chemical customers," stated John Romain, president of Chart E&C. He continued: "Integrating the design capabilities of CSC into the Chart E&C team will help us continue to develop new and innovative solutions for customers in our markets. Our ability to incorporate additional proven heat transfer technology into our portfolio creates significant value for our customers by providing a single point of contact for many of their process needs."
Wayne Pyle, current owner of CSC, will remain with the company after the acquisition as president of the Air Cooler business, which will be a part of Chart E&C.
Mr Pyle said: "Given the strength of Chart E&C\\$quot;s position in the market and its financial resources, CSC should be able to continue to increase capacity to meet customer requirements.
"Leveraging the global market position of Chart E&C products should allow CSC to expand its customer base both domestically and internationally. Chart E&C\\$quot;s reputation of meeting customer demands, combined with CSC\\$quot;s team, provides the basis for continued growth in capacity and customer service that both companies\\$quot; customers have come to expect."
Chart E&C plans to continue operations at CSC\\$quot;s facilities in Tulsa and to utilise its existing broad manufacturing base, including the recently added Chart E&C fabrication capacity in Houston, Texas.