ACI and TES announce business partnership
Air Control Industries (ACI) and Thermal Engineering Systems (TES) have set up a business partnership that will see both companies benefit from their shared technical expertise.
The basis of the partnership is a management buyout led by Joe Gasan, managing director of TES.
The combined group will have turnover of more than GBP10m, giving each company increased presence in the market.
ACI has provided funding and ongoing management support, for which it will receive a majority stake in the business.
The combined group will have turnover of more than GBP10m, giving each company increased presence in the market.
ACI benefitted from a management buyout in 2003, when the current management team bought the company.
Since then, the company has grown through development of existing and new products, and entering new markets at home and overseas.
ACI is a provider of industrial air-movement products and bottle/can drying systems.
As well as offering a range of fans and blowers, including Atex versions, the company provides a design-and-support service to ensure the correct solution for its customers.
Customers for ACI’s bottle/can drying systems include international manufacturers of alcoholic and soft drinks, right down to local micro-breweries.
TES designs and manufactures a range of energy efficient heat-transfer and refrigeration products, including air-/water-cooled chillers, air blast coolers, heat pumps (air source and ground source) and process cooling equipment.
TES’s markets include heavy industry, power distribution, medical, and food packaging and processing.
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