Industrial Chimney Company Acquires Cheminee Lining from Cleaver-Brooks | MarketScreener

2022-07-30 10:52:50 By : Mr. Vincent Brush

SAINT-JEROME, Quebec - Industrial Chimney Company (ICC), manufacturer of prefabricated chimneys along with high-efficiency fireplaces, has acquired Cheminee Lining, the exhaust solutions division of premier boiler manufacturer, The Cleaver-Brooks Company, Inc. The move to acquire Cheminee Lining occurred quickly after Cleaver-Brooks announced its intention to discontinue the sale of exhaust stacks and venting in May 2022. ICC seized the opportunity, finding it aligned well with its continued focus on global expansion and development of new markets.

The combination of ICC and Cheminee Lining will strengthen their position as a market leader in the commercial industrial chimney industry.

As part of the sale, ICC will continue to lease 56,000 square feet of manufacturing space and 21,000 square feet of office space located in Terrebonne, Quebec, as well as provide employment for more than 44 existing Cheminee Lining employees.

Both Cleaver-Brooks and ICC will honor current customer commitments and will maintain contact with customers regarding future activities.

Cleaver-Brooks continues to provide best-in-industry integrated boiler room solutions for steam and hydronic applications throughout the North American and international markets.

Established in 1991, ICC employs more than 200 people dedicated to providing the safest and highest quality products. With a recent 30,000-square-foot addition, the 120,000-square-foot factory runs 24/7 all year round. It is located on more than 20 acres of prime industrial property and is filled with state-of-the-art machinery. Visit icc-rsf.com for more information.

Cleaver-Brooks is the premier boiler industry innovator and only boiler manufacturer in the world to offer The Power of Total Integration. The company engineers and manufactures entirely integrated boiler room solutions for steam and hydronic applications, offers superior sales and service from a world-class representative network, and shares its expertise through a robust training and education program and engineering support. Cleaver-Brooks is committed to providing efficient solutions that help its customers operate boiler systems at optimum reliability, promote sustainability, and reduce costs. Visit cleaverbrooks.com for more information.

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