DiversiTech acquires clipping products maker
DiversiTech® Corp., a manufacturer and supplier of HVACR components and related products, entered into a definitive agreement to purchase Pro1 Thermostats, a heating and cooling technology company.
Image courtesy of DiversiTech Corp.
DiversiTech Corp. has purchased Rapid Positioning Clips Ltd., a United Kingdom-based maker of clipping products that fit with a variety of channels to seal pipework, electrical wires and cables. Terms of the deal were not disclosed.
“We’re excited about the opportunity to take on RPC’s product lines and make them immediately more available to contractors and distributors by capitalizing on our global distribution and logistical expertise,” said DiversiTech CEO Jim Prescott. “The acquisition of RPC is just another example of how we continue to grow our offering of high-quality products to better service the needs of our customers.”
The company said the acquisition also solidifies the long-lasting customer relationship between RPC and Pump House, DiversiTech’s supplier of ancillary HVAC and refrigeration products to the European market. Pump House has been a customer to RPC for several years and sells more than 1,500 products to national and independent distributors, wholesalers and OEMs, officials said. DiversiTech acquired Pump House in 2016.
RPC currently offers three products, each available in multiple sizes: the Rapid Positioning Clip, the Studding Clip and the InsulClip. The products are manufactured as single pieces and don’t require mechanical tools for tightening.
DiversiTech’s acquisition of RPC is the company’s seventh acquisition in the past 18 months.
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