# REFCOTEC acquires EXOCHEM and forms joint venture THERMOTEC

REFCOTEC, Inc. acquired the assets of EXOCHEM Corporation and entered into a joint venture with Koremart Limited to form THERMOTEC, LLC, creating the largest riser sleeve and feeding aid manufacturer in the US.

- Type: Acquisition
- Announced: 2022-01-10
- Where: Orrville, Ohio; Lorain, Ohio; East Palestine, Ohio; Hamburg, Pennsylvania, United States
- Status: completed
- Products: riser sleeves, feeding aids, foundry consumables
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [REFCOTEC](https://endata.com/companies/60229.md) (acquirer)
- [EXOCHEM](https://endata.com/companies/60230.md) (target)
- [Koremart Limited](https://endata.com/companies/60231.md) (partner)
- [THERMOTEC](https://endata.com/companies/60232.md) (partner)

## Sources

- [refcotec.com](https://www.refcotec.com/news/refcotec-inc-acquires-exochem-corp), 2022-01-10: "This acquisition follows REFCOTEC’s strategic goal of continuing to diversify within the foundry segment with a focus on high quality, efficient manufacturing."

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