Watlow Electric Manufacturing Company
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Watlow Electric Manufacturing Company - overview
Established
1922
Location
St. Louis, MO, US
Primary Industry
Electronics
About
Based in US, Watlow Electric Manufacturing Company operates as a provider of thermal system solutions that include industrial heaters, temperature sensors, controllers, and supporting software for various industries such as semiconductor processing, environmental chambers, energy processes, diesel emissions, medical and food service equipment. The company was founded in 1922 by Louis Desloge Sr. to manufacture electric heating elements for the shoe industry. The company’s current CEO and Chairman is Peter Desloge.
The company currently has sales offices in 50 countries around the world. During the 1940s the company began selling products internationally. The company grew after introducing its first thermocouple product in 1970s and expanded in Kronau, Germany and Missouri simultaneously acquiring the Claud S. Gordon Company of Illinois, manufacturer of temperature measurement devices.
The company acquired Yarbrough Solutions Worldwide in 2018 and Component Re-engineering Company in 2020. In 2021, a majority stake of the company was acquired by private investment firm Tinicum LP. The Desloge family still has a minority share of the company. The company’s product line includes over 10 different electric heater products including band, cable, cartridge, cast-in, circulation, ceramic fiber, flexible, multicell, radiant, strip, thick film and tubular.
The company’s temperature sensing capabilities include thermocouples, RTDs and thermistors as well as wire and cable products. Watlow’s temperature and power controller platforms can be customized for almost any thermal application. The company serves customers from industries of clinical diagnostics, energy processes, foodservice equipment, semiconductor processing and diesel emissions. The estimated annual revenue of the company in 2021 is $497.
43 million.
Current Investors
Tinicum Incorporated
Primary Industry
Electronics
Sub Industries
Heating, Cooling & Ventilation Equipment and Services, Electronic Components
Website
www.watlow.com
Verticals
Manufacturing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Watlow Electric Manufacturing Company - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Announced | Eurotherm India Private Limited | - | ||||||||
| Buyout | Completed | Watlow Electric Manufacturing Company | - |
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