Add-on acquisition Closed Jul 2011
Thomas & Betts Acquires AmbiRad Group
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Summary
Thomas & Betts Corporation acquired the AmbiRad Group, a privately held U.K. manufacturer of specialty HVAC products, for approximately $30 million in cash. The deal closed on July 1, 2011, and AmbiRad reported approximately $40 million in sales over the prior 12 months.