HRS will join Canada-based EIL in designing and manufacturing heat transfer products.
Photo courtesy of HRS Heat Exchangers.
Canada-based Exchanger Industries Limited (EIL) has recently acquired the Georgia-based, internationally-operated HRS Heat Exchangers.
HRS Heat Exchanges provides heat transfer services worldwide across a range of industries. Increasing demand has seen significant expansion of the company’s manufacturing facilities in Spain and India over the last five years.
The latest development for HRS Heat Exchangers is its acquisition by Exchanger Industries Limited, a globally recognized designer and manufacturer of heat transfer products for the energy, petrochemical, industrial and clean power generation sectors.
The acquisition will see Mark el Baroudi of EIL take over as CEO of HRS Heat Exchangers, while HRS founder Steven Pither will continue to serve on the board of the new group. Looking ahead, EIL will help HRS continue to develop its range of tubular and scraped surface heat exchangers, as well as specialist systems for use in industries such as food production and AD/biogas.
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