REFCOTEC, Inc. (Orrville,OH) is proud to announce the acquisition of the assets of EXOCHEM Corporation(Lorain, OH). Exochem has been servicing the foundry and steel industries with high-quality riser sleeves and other consumable products since 1968. The ISO certified company operates two production facilities. One in Lorain, Ohio and one in East Palestine, Ohio. This acquisition follows REFCOTEC’s strategic goal of continuing to diversify within the foundry segment with a focus on high quality, efficient manufacturing.
Upon acquisition, REFCOTEC entered into a joint-venture agreement with Koremart Limited (KML, Hamburg, PA) for sleeve and feeding aid manufacturing. KML has been supplying riser sleeves and other consumable products to the North American foundry industry since 1981 with a focus on high quality and superior technical support.
The joint-venture will operate under the business name THERMOTEC, LLC. With the addition of KML assets in Hamburg, PA, THERMOTEC will have three manufacturing locations. This partnership makes THERMOTEC the largest riser sleeve and feeding aid manufacturing conglomerate in the United States. The partnership will allow THERMOTEC to leverage synergies between the companies while producing the same reliable, consistent products our customer’s demand.
THERMOTEC will maintain and support all existing sales and distribution channels for EXOCHEM and KML products.