# Alltemp completes merger with CSES Group

Alltemp, Inc. (formerly Source Financial, Inc.) closed its merger with CSES Group, Inc., issuing shares and warrants to CSES shareholders. Alltemp also raised $4.5 million to expand refrigerant manufacturing capacity.

- Type: Acquisition
- Announced: 2017-04-27
- Where: Oregon, United States
- Value: $4.50M
- Status: completed
- Capacity: 5 million pounds per month
- Products: refrigerant
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [CSES Group, Inc.](https://endata.com/companies/21822.md) (target)
- [Alltemp, Inc.](https://endata.com/companies/23858.md) (acquirer)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/846377/000121390017004374/f8k042717ex99i_alltempinc.htm), 2017-04-27: "Alltemp has raised more than $4.5 million dollars to: 1) increase manufacturing capacity of alltemp® refrigerant to 5 million pounds per month at its 12,000 sqft manufacturing facility in Oregon"
- [accessnewswire.com](https://www.accessnewswire.com/newsroom/en/banking-and-financial-services/source-financial-inc.-changes-name-to-alltemp-inc.-and-completes-merg-460934), 2017-04-27: "Alltemp, Inc. (OTCQX: LTMP) (the 'Company'), today announced the closing of its merger with CSES Group, Inc. and becomes the leading developer of proprietary environmentally friendly refrigerant technologies."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/846377/000121390017004374/f8k042717_alltempinc.htm), 2017-04-28: "The consummation of the Merger was effective on April 27, 2017"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.