SPX Sells Thermal Product Solutions
SPX Corp. completed the sale of its Thermal Product Solutions (TPS) business to Resilience Capital Partners, a Cleveland-based private-equity firm, for approximately $43 million. TPS designs and manufactures industrial and laboratory ovens and furnaces as well as environmental temperature cycling and stability test chambers. The company has facilities in White Deer, Pa.; Riverside, Mich.; and Malaysia. Its product brands include Tenney, Blue M, Gruenberg, Lindberg and MPH. The Lindberg product brand supplies equipment solely to the heat-treating industry.