Add-on acquisition Closed Aug 2022
Industrial Chimney Company acquires Cheminée Lining (carve-out from Cleaver-Brooks)
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Summary
Industrial Chimney Company (ICC), a venting products manufacturer, acquired Cheminée Lining, the exhaust solutions division of boiler manufacturer The Cleaver-Brooks Company. The deal is a lateral expansion / divisional carve-out; the two companies continue operating independently.