Raychem HTS acquires Tracer Industries, Inc.

Raychem HTS, an operating unit of Tyco Flow Control, announces its acquisition of Tracer Industries, Inc. Tracer Industries is headquartered in Houston, Texas, with substantial operations in Alberta, Canada. A leading heat-tracing service provider, Tracer Industries' services range from engineering and procurement through construction and maintenance. Tracer Industries will operate as a division of Raychem HTS and join its growing family of heat-tracing companies. Raychem HTS a leading manufacturer of electrical heat-tracing system. The acquisition of Tracer Industries now makes the combined companies a worldwide provider of heat-tracing design, manufacture, installation and maintenance solutions.

"Raychem HTS has always been committed to provide the best products and services for our customers," says Gordon Hunter, president of Raychem HTS. "As our markets expand globally, there is a growing demand for a broader range of services. The combination of these two companies places us in the unique position to serve our customer with the best possible heat-tracing solutions worldwide."

The acquisition enhances Raychem HTS' ability to offer a wide range of heat-tracing services and turnkey solutions for pipe freeze protection and process temperature maintenance applications for industrial plants.

"We have always felt that Raychem HTS is the global leader in heat-tracing manufacturing, while Tracer is the world's best service organization," says David Megna, president of Tracer Industries, Inc. "We are very excited about the opportunities that will result from the combination of two, such strong organizations. Our future looks extremely bright."

For more information about Raychem HTS' comprehensive range of heat-tracing products and services, call 1-800-545-6258, write to info@raychemhts.com.

Edited by Drew Bowden
Assistant Editor, Chemical Online