Following the acquisition of a Wisconsin heat treat company, finalized last week, an industry holdings group recently announced the purchase of a high-quality heat treat provider focused in tool and die work.
Thermal Process Holdings (TPH) acquired P & L Heat Treating (P&L) of Youngstown, Ohio, in their continuing efforts to build a leading thermal processing company based on value-added services.
“We are delighted to partner with Bill Pociask and the P&L team. P&L is a well-run heat treating operation providing high-quality service. Both Bill Pociask and P&L are excellent additions to the TPH group,” said John Hubbard, chairman of TPH.
“I am excited to work with the TPH group of companies. There are many opportunities for us to help each other grow and continue to serve our customers. The future is very bright for P&L,” said Bill Pociask, founder and president of P&L.
TPH also owns and operates: Diamond Heat Treat, based in Rockford, Illinois; Certified Heat Treating, based in Springfield, Ohio; and Hudapack Metal Treating, based in Elkhorn and Franklin, Wisconsin.
TPH was formed by Calvert Street Capital Partners and John Hubbard (former CEO of Bodycote, PLC) to pursue a buy-and-build strategy in the thermal processing industry. You can listen to an interview with John Hubbard regarding the strategy of Calvert Street Capital Partners, conducted by Heat Treat Today‘s publisher, Doug Glenn, at this Heat Treat Radio link.
