DiversiTech acquires Alltemp products
DiversiTech has purchased Alltemp Products Co. Ltd., an HVAC parts supplier that serves the Canadian market.
Terms were not disclosed.
Under the agreement, Alltemp will retain its name and operate independently. The two companies will operate as usual for the remainder of 2016 while preparations are completed to facilitate consolidated ordering throughout Alltemp.
Alltemp Vice President Richard Chalmers, who has been with the company for more than 30 years, will continue to lead the business.
“DiversiTech brings us a wealth of resources and the industry’s widest array of HVACR products,” Chalmers said. “The growth opportunity this acquisition provides us is transformational and enhances our dedication to outstanding customer service. This is truly a very exciting time in our company’s history and ensures a strong and healthy future for Alltemp.”
DiversiTech’s acquisition of Alltemp expands its established Canadian channel and offers customers within that market a more diverse line of products. It will also simplify order placement and fulfillment, officials said.
“Alltemp is a highly respected and extremely well-managed company that has deep roots and knowledge within the Canadian HVAC market,” said DiversiTech CEO Jim Prescott. “We’re excited to have them join our family and deepen the strong customer relationships with our mutual Canadian customers.”