Munters acquires market leading portable heater manufacturer SIAL S.p.A
Munters has concluded an agreement to purchase the European market leading manufacturer of portable heaters, so called spot heaters, for use in commercial, industrial and agricultural applications.Located in Mondoví, South of Turin, Italy, SIAL also manufactures and sells evaporative coolers and certain other smaller product lines. SIAL is recognized as a very strong brand all over Europe, and also has distribution in the U.S. and China. The projected turnover during the current fiscal year is EUR 24 million. The company employs approximately 100 people.With this acquisition, Munters