For Immediate Release on June 18, 2015
NEW BERLIN, WISCONSIN -- Echelon Capital, LLC today announced that it has acquired the assets of INFRATROL Manufacturing Corporation. The new business called "INFRATROL, LLC" will continue to operate in New Berlin, and will benefit from the manufacturing capabilities and capacity at Echelon's existing facilities.
INFRATROL has been designing and manufacturing customized industrial ovens, washers and heat processing equipment since 1956. On May 5th, INFRATROL was transferred to a receiver but continued to operate during the six week period.
The INFRATROL business will complement Precision Quincy Ovens, LLC, a separate company in Echelon's manufacturing group. Precision Quincy has been manufacturing custom and standard batch ovens for more than fifty years. "We are excited to add the capabilities of INFRATROL to our group," said Bill Diemel, President of Precision Quincy Ovens. "INFRATROL adds significant expertise in conveyorized and highly automated processing equipment."
Echelon is the equity sponsor of a manufacturing group that owns companies operating under the following brands: INFRATROL, Precision Quincy Ovens, Lyon, Republic Storage Products, Viking Metal Cabinet Co. and Austin-Westran. "The acquisition of INFRATROL is a next-step in making our industrial oven group more robust," said Matt Zakaras, Partner at Echelon Capital, LLC. "INFRATROL's engineering talent and established customer base strengthen our business, which we hope will become a catalyst for future growth."
* * * *
For more information, contact:
Steven Onsager
Vice President of Engineering
Infratrol, LLC
(262) 797-8140 x102 sonsager@INFRATROL.com
