Designer and manufacturer of heat transfer products Exchanger Industries acquires HRS Heat Exchangers. Exchanger Industries (EIL), the Canadian market leader and globally recognised designer and manufacturer of heat transfer products for the energy, petrochemical, industrial and clean power generation sectors, has acquired HRS Heat Exchangers (HRS). HRS is a specialist global supplier of heat exchangers and custom process systems across the environmental, food, beverage, chemical and pharmaceutical sectors. The combined business is positioned to create market growth by providing its customers with environmentally sustainable heat exchange solutions. Mark el Baroudi, CEO, EIL, said, “The HRS acquisition will provide numerous benefits to our customers including a broader capability to provide heat transfer solutions to environmentally sustainable projects in the biogas and wastewater treatment sectors, in addition to EIL’s existing projects in clean power generation, LNG, emissions-free power storage and biofuels applications.” To deliver these projects competitively, the acquisition provides EIL immediate access to a cost-effective global footprint with scalable hubs in both India and Spain, and a combined portfolio of anti-fouling technologies. Steven Pither, Founder & CEO of HRS, said: “Leveraging EIL’s expertise in designing innovative heat transfer systems and their established track record in creating streamlined, highly efficient business processes will allow us to enhance our product offering and effectively scale our Spanish and Indian manufacturing operations, delivering timely, cost effective solutions to our customer base around the world. We are confident that this will drive growth to the next level.” This acquisition combines the capabilities of both parties to enhance an already differentiated market position. (Communication by the management of the company)