NORTHVILLE — The Northville-based thermal management technology developer Gentherm Inc. (Nasdaq: THRM) said this week that it will purchase Cincinnati, Ohio-based Cincinnati Sub-Zero Products.
CSZ manufactures patient temperature systems for the health care industry and environmental test chambers used by a wide range of manufacturing companies for product testing. CSZ also provides related environmental testing services to these markets. It posted 2015 sales of $63 million and has more than 300 employees.
Terms of the transaction were not immediately disclosed.
Said Gentherm President and CEO Daniel R. Coker: “CSZ’s respected market reputation, established product portfolio and customer base, combined with our market-leading thermal management solutions and expertise, create a strong platform for growth in the medical and industrial test equipment markets, which are new for Gentherm.”
Added Steven J. Berke, president of CSZ: “Gentherm’s broader scope and scale, as a global company, will provide CSZ much greater reach in serving its existing and potential markets.”
CSZ has more than 75 years of industry experience and three divisions — Medical, Industrial and Testing.
CSZ will be operated as a subsidiary of Gentherm, with its headquarters in Cincinnati, and operations in Ohio and Michigan. CSZ will continue to be led by Berke and CSZ’s current management team.
Gentherm produces heated and cooled seat systems and cup holders, heated and ventilated seat systems, thermal storage bins, heated steering wheels, battery thermal management systems, cable systems, and other electronic devices for the auto industry. It also produces remote power generation systems, heated and cooled furniture and other consumer and industrial temperature control equipment. Gentherm has more than 10,000 employees at locations in the United States, Germany, Canada, China, Hungary, Japan, Korea, Macedonia, Malta, Mexico, Ukraine and Vietnam.
For more information, go to http://www.gentherm.com.