Kolene Acquires Chemical Division of Park Thermal International
The acquisition seeks to expand Kolene’s chemical product lines by adding heat treat chemicals and services
Kolene Corporation (Detroit, Mich.) has acquired the Chemical Division of Park Thermal International Corporation. The president of Park Thermal, Mr. Jay Mistry, will work with Kolene going forward to assure the transition of all Park Thermal standard and proprietary heat treat chemical blends, as well as providing customer support.
Kolene Corporation has been known for its Ferritic Nitrocarburizing (FNC) salts. Park Thermal has developed chemical blends for special customer demands.
“We are very excited to broaden our molten salt offerings into the heat treat market and utilize Jay’s extensive chemical knowledge and excellent technical customer support to do so,” says Mr. Peter Shoemaker, VP of Purchasing, at Kolene.
Mr. Jay Mistry stated, “We were challenged with the Covid downturn in our business and we were looking for a strong partner to continue supporting our established customer base. I am glad to have found the Kolene team, a trusted and competent North American partner who has the technical and commercial bandwidth to carry our heat treat salt business into the next phase. I am looking forward to working with Kolene.”
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