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Spirax-Sarco Engineering agreed to acquire US-based thermal technologies company Chromalox from Irving Place Capital for a cash-free, debt-free consideration of US$415 million.
Spirax-Sarco Engineering agreed to buy Pittsburgh-based thermal technology company Chromalox from Irving Place Capital for $415 million on a cash-free, debt-free basis, financed by new bank debt. Chromalox has five manufacturing facilities across North America, France and China.
