Cleaver-Brooks Inc., Thomasville, Ga.-based provider of boiler-room products and systems, recently announced it acquired Camus Hydronics Ltd., Toronto-based designer and manufacturer of condensing hydronic boilers and heaters for commercial, institutional, large-residential, and light-industrial markets. Terms of the transaction were not disclosed.
“Through this acquisition, Cleaver-Brooks further strengthens its position in the rapidly expanding condensing-hydronic-boiler market,” Bart Aitken, president and chief executive officer of Cleaver-Brooks, said. “Products manufactured by Camus Hydronics are regarded to be highly efficient and reliable. Its line of condensing hydronic products is complementary to ours, which will broaden our market appeal to better meet customer needs worldwide.”
Camus Hydronics President Mario Ruscio said: “Cleaver-Brooks is a strong brand, well-known for engineering and manufacturing energy-efficient boiler-room solutions. Camus Hydronics has enjoyed strong growth in recent years, and we know the company will continue to thrive with the resources and expertise of Cleaver-Brooks behind it.”