Phillips & Temro Acquires Wolverine Engine Heaters
ST. LOUIS, Oct. 30, 2017 /PRNewswire/ -- Phillips & Temro Industries Inc., a Harbour Group company, acquired the Wolverine Engine Heaters business and related assets of Nine Lives, Inc., Jeff Fox, Harbour Group's chairman and chief executive, announced today. Terms of the transaction were not disclosed.
For more than 20 years, Wolverine has offered premium, American-made, silicone heaters for cold- weather vehicle and equipment protection. The Company's core product line of oil pan engine heaters is known for reliability and durability. Additional products include battery, oil filter and other fluid heaters. Wolverine, which is based in Yakima, Wash., sells its products globally.
"Wolverine is a clear fit with Phillips & Temro," Mr. Fox said. "Together the combined businesses will become an even stronger force in the market. We look forward to supporting their growth."
"The acquisition of Wolverine strengthens our brand positioning and will provide an added online outlet and sales channel for our broad array of aftermarket cold-weather products," said Tom Moser, President of Phillips & Temro. "We look forward to working with the Wolverine team to expand their channel and product line."
Kevin Frank, President of Wolverine, added: "We believe joining Phillips & Temro will strengthen our brand and open opportunities for us that we may not have otherwise had. We also look forward to the operational support the Harbour Group team offers as we grow the business."
About Phillips & Temro Industries Inc.
Phillips & Temro Industries Inc. ("PTI") was founded in 1920 and has grown to become the market leader in thermal management systems and controls for the transportation and heavy equipment markets. The company's primary products include immersion, circulation, and air intake heaters; engine cooling equipment; and cab heating, cooling and electrification products. PTI's technology is widely recognized for excelling in applications such as heavy-duty trucks, construction, agriculture, automotive, oil & gas, electric and hybrid vehicles, industrial, marine and power generation. The company is based in Eden Prairie, Minn., and, together with its subsidiaries and affiliates, has a total of five manufacturing facilities globally.
About Harbour Group
Harbour Group is a privately owned, operations focused company based in St. Louis, Missouri. Harbour Group's companies are engaged in manufacturing and distribution across diverse industries including LED lighting, flow control, scientific products and lab ware, thermal management solutions, flow and energy measurement, boiler systems, professional diagnostic and repair tools, niche distribution, and auxiliary plastic processing equipment. Since its founding in 1976, Harbour Group has acquired 197 companies in 41 different industries.
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SOURCE Phillips & Temro Industries Inc.
