Thomas & Betts Acquires AmbiRad Group

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.

“On July 1, 2011, the company acquired the AmbiRad® Group, a privately held U.K. manufacturer of specialty HVAC products for £18 million or approximately $30 million cash. AmbiRad reported approximately $40 million in sales over the past 12 months.”

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