East Troy-based industrial oven manufacturer Wisconsin Oven Corp. has been acquired by White Deer, Penn.-based Thermal Product Solutions.
Wisconsin Oven, which has about 150 employees, makes ovens used for heat treating, finishing, drying, curing, manufacturing automation and process control in the aerospace, automotive, composites, energy, finishing, military and pharmaceutical industries. It was acquired by French company PLC Holding in 2012. In 2013, Wisconsin Oven moved its assembly work to a 27,000-square-foot Waukesha facility and hired 20 employees there. And in 2014, it added 30,000 square feet to its East Troy plant to keep up with growth and manufacture larger ovens.
Thermal Product Solutions manufactures industrial ovens, environmental chambers, test chambers and curing ovens under the brands BlueM, Gruenberg, Tenney, Lindberg and MPH. Wisconsin Oven will become one of its brands.
“Wisconsin Oven has experienced incredible growth since selling to PLC group of France in 2012,” said Dave Strand, president and chief executive officer of Wisconsin Oven. “This acquisition by TPS will provide great new opportunities and allow continued growth for the entire group. We are extremely excited about becoming part of the TPS family. The experience combined by all these great companies will provide expert solutions for applications in all temperature ranges.”
Ann Hanna of Schenck M&A Solutions acted as exclusive financial advisor to Wisconsin Oven Corp. and Rich Silverthorn of Whyte Hirschboeck Dudek S.C. provided legal counsel for the transaction.
