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5/28/2013

Conair & Rapid Parent Buys Thermal Care

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IPEG, Inc., Cranberry Township, Pa., has acquired Thermal Care Inc., a major manufacturer of mold-temperature controllers, chillers, cooling towers, and pump tanks.

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IPEG, Inc., Cranberry Township, Pa., has acquired Thermal Care Inc., a major manufacturer of mold-temperature controllers, chillers, cooling towers, and pump tanks. IPEG is the parent company of The Conair Group and Rapid Granulator. It also recently bought Republic Machine, a maker of shredders (see last month’s Starting Up).

While Conair has its own line of Thermolator water products, it rarely competed directly with Thermal Care. Based in Niles, Ill. Thermal Care will continue to operate there as a wholly owned subsidiary of IPEG. Tom Benson, a 25-year employee and former v.p. of sales and marketing for Thermal Care, was named president of the company.

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