WETZLAR, Germany - BBT Thermotechnik, a member of the Bosch Group and a leading European manufacturer of heating products, has announced the acquisition of Controlled Energy Corporation (CEC), Waitsfield, Vt.
CEC, a longstanding distributor of BBT Thermotechnik, has 70 employees and reports annual sales of $34 million in the growing U.S. market for instantaneous gas water heaters. The acquisition of CEC expands BBT Thermotechnik's sales base and its market share in the U.S., strengthening the company's position in this market, says the manufacturer.