An ACE For Alfa Laval
Alfa Laval said it has acquired Air Cooled Exchangers, LLC (ACE), Broken Arrow, Okla., a manufacturer of custom-engineered air-cooled heat exchangers, used to cool air, natural gas, oil and water in the natural gas market as well as other energy-related end markets.
Air Cooled Exchangers was founded in 1964 and currently has 230 employees in Broken Arrow. Alfa Laval said the company is expected to generate sales of approximately SEK 350 million (US$53.5 million) in 2012. The intention is to integrate Air Cooled Exchangers, LLC into Alfa Laval’s Energy & Environment segment, within the Process Technology division.
Lars Renström, president and CEO of the Alfa Laval Group said, "The acquisition of ACE brings a new product range into our heat transfer offering, at a time when demand for air-cooled heat exchangers is accelerating – especially in the natural gas industry. Together, Alfa Laval’s overall position is further strengthened, and we’re even better positioned to serve the energy-related industries."