ONICON Incorporated, a Harbour Group company, announced that it has acquired Fox Thermal Instruments, Inc. Terms of the transaction were not disclosed.
For over 20 years, Fox Thermal Instruments has developed and manufactured thermal mass flow meters for the energy, water, wastewater, and other industrial end markets throughout North America. The company, which has no previous connection to Harbour Group, is dedicated to serving the evolving needs of the industry with highly engineered product and dedicated customer service. The business is run by its founder, Brad Lesko, and is headquartered in Monterey, California.
Fox commented, "Fox Thermal Instrument's product line fits extremely well with ONICON and expands the overall company's end markets. Brad and his team bring expertise in thermal mass flow meters and we look forward to working together to continue to grow the combined business."
John Norris, President and Chief Executive Officer of ONICON, commented, "We are excited about the addition of the Fox products and team to our company. Adding Fox Thermal Instruments to our platform gives us the ability to produce thermal mass meters internally and expand our position in that rapidly growing market."
Lesko, Fox Thermal Instrument's President, added, "ONICON's platform is an ideal home for our business to thrive. ONICON's market position and technologies combined with Harbour Group's operating resources will continue to make our business bigger and better."
Adapted from press release by Francesca Brindle
Read the article online at: https://www.hydrocarbonengineering.com/product-news/07092016/onicon-acquires-fox-thermal-instruments-4037/