Phillips and Temro Buys Arctic Fox
Phillips & Temro Industries (PTI), Eden Prairie, Minn., announced that it has acquired Arctic Fox from North River Capital, LLC, a private equity firm in Fort Wayne, Ind.. The acquisition of Arctic Fox expands PTI’s presence into fuel and hydraulic systems and the oil & gas and power sports end markets and provides a worldwide platform for growth, PTI President and Chief Executive Officer, Butch Sumpter said.
Phillips and Temro Industries is a supplier of engineered heating products, systems and controls as well as cooling, and silencing products. With facilities in the United States, Canada, Europe, and China, the company serves the heavy duty truck, off- highway, power generation, automotive, and electric/hybrid vehicle end markets.
Arctic Fox, Delano, Minn., is a supplier of fuel and fluid heating products and systems. It designs and manufactures fuel and hydraulic fluid heating products and systems in the oil and gas, heavy duty truck, off-highway equipment, power sports, and other industrial markets.