Fulton China announces acquisition of Costerm Swiss AG

Source: PlantServices.com

By Plant Services Staff

Feb 07, 2012

Fulton Companies (www.fulton.com), the manufacturer of steam, hydronic and thermal fluid heat transfer products and provider of energy management solutions, has closed a deal in which its China operations has acquired 100% of Costerm Swiss AG (www.costerm-swiss.com), a specialized industrial burner and engineering company based near Zurich, Switzerland.

Plans are in development to share R&D resources, use Costerm burners on large Fulton boilers, sell Fulton products through the Costerm sales office, and sell Costerm products through Fulton sales offices.

Formerly part of Waermetechnik AG, Costerm is known for its large burners under the trade names ŒRTLI Induflame and Indufire. These burners are used for air heaters, asphalt processing, industrial applications and with large horizontal fire tube and water tube boilers.