|
 
|
Plumbing News
Mestek Acquires Slant/Fin
Baseboard.
Mestek, Inc.,
a manufacturer of specialty heating, ventilating and air
conditioning systems for industrial, commercial and residential
spaces, announces the acquisition of the baseboard assets of
Slant/Fin, a leading provider of hydronic baseboard radiation.
The transaction builds upon Mestek’s track record of investing in
channel specific companies that provide its customers with high
quality solutions to their HVAC needs while keeping in concert with
their core manufacturing strengths.
The acquisition of Slant/Fin baseboard assets brings together a
major business component of two family-run companies who have always
focused on consistently manufacturing and delivering superior
quality, solutions-based hydronic heating equipment to residential
and commercial customers across North America.
“Slant/Fin baseboard is a proven product with a very loyal following
of customer partners and falls seamlessly within our corporate
philosophies. We are very excited for this opportunity to continue
the hydronic baseboard legacy of two respected industry icons and
take great pride in both the past accomplishments of these
organizations and look forward to continuing on with the Slant/Fin
Baseboard brand while upholding the history of this tremendous
organization” said Tim Markel, President of the Mestek’s Distributor
Products Group. Story continues below
↓
advertisement | your ad here
Mestek, Inc., originally the Sterling Radiator Company, was
founded in 1946 by Mr. John E. Reed while the Slant/Fin
Corporation was founded in 1949 by Mr. Mel Dubin.
In a small Bartlett Street garage in Westfield,
Massachusetts in February 1946 John Reed began producing
fin-tube radiation using 1” and 2” steel tubes with 32 fins
per foot. Fin-tube radiation was first used before World War
II to heat railroad cars and was adapted in the post-war era
to heat commercial building using both steam and hot water.
Today, Mestek, Inc., is a family run company of over 46
specialty manufacturers serving many facets of the HVAC
equipment and building envelope industries including HVAC,
Metal Forming, Architectural building envelopes and
intelligent equipment controls.
Some 165 miles to the south, down I95 in a small bakery on
Coney Island, Mel Dubin began producing an alternative to
the newly established North American commercial baseboard
market through the utilization of a “slanted locked fin”
design, ultimately becoming the Slant/Fin Corporation.
“Mel Dubin built a great company based upon the simple
premise of making quality products and serving our
customers. Along the way many families, employees and
customers contributed to the growth of the company.
Slant/Fin baseboard carved out a place in the American dream
heating millions of homes. I’m proud that the Slant/Fin
brand will continue on as part of Mestek” stated Adam Dubin,
Chief Executive Officer of the Slant/Fin Corporation.
Both organizations have continued to engineer their
products, perfecting their crafts for decades while amicably
competing against each other for over 72 years. Still today,
both organizations continue to develop new products and grow
with Slant/Fin concentrating on the hydronic heating
segment, with not only their baseboard and hydronic heating
business, the assets of which were sold in this acquisition,
but also boilers covering both commercial and residential
applications; and Mestek, Inc concentrating in both the
hydronic heating segments, as well as in other concentrated
areas including gas-fired air side heating equipment, metal
forming and architectural, including louvers and dampers.
Sawaya Partners, LLC acted as financial advisor to Slant/Fin
Corporation with respect to the asset transaction.
# # #
|
|
