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TEV Ltd has acquired the assets of former refrigeration equipment manufacturer EPCS to form a new product line called 'SC-Tec'. The new line will continue manufacturing at EPCS's Thornton site, retaining existing employees.
TEV Ltd, the former IMI Air Conditioning and IMI Marstair business, has been acquired by its management team in a buy-out backed by YFM Equity Partners. The deal was announced on 2017-05-23.