Aavid Thermalloy acquires N.Y. manufacturer
Third acquisition for Laconia firm since May
Laconia-based Aavid Thermalloy has acquired Niagara Thermal Products LLC, a Niagara Falls, N.Y. provider of thermal management solutions used in manufacturing.
Terms of the deal were not disclosed.
Niagara, founded some 30 years ago, is a manufacturer of high-performance heat exchangers and heat transfer fins for a diverse array of markets and applications.
"Niagara has a great reputation for providing mission-critical thermal management solutions to blue-chip customers, particularly in the aerospace and defense industries,” said Alan Wong, Aavid’s CEO. “We are excited to join forces with Niagara, and to work with their experienced management team in expanding Aavid’s services into the aerospace, energy and defense end markets.”
Aavid, a portfolio company of Audax Group, was founded in 1964 and has a global network of manufacturing and design centers and provides a broad range of technologically advanced thermal management solutions for telecommunication, LED lighting, server, data center, consumer electronics, transportation and industrial applications.
The acquisition is Aavid’s third since last May, when it bought Kunze-Folien, a German firm that manufactures thermally conductive films, heat sinks and transistor clips, and Qfinsoft Technology Inc., a Canadian firm that develops software for the simulation of fluid flow, thermodynamics and combustion processes.