Jan. 6, 2016
DiversiTech is not standing still after some recent big changes. In May of 2015, the manufacturer of integral parts and accessories for HVACR contractors was acquired by an internal management group and an investment firm. From then on, there's been much activity at the Atlanta-based company.
DiversiTech announced today that it had completed its purchase of Cliplight Manufacturing, makers of air conditioning and refrigeration system sealants, based in Toronto, Canada.
The purchase of Cliplight follows DiversiTech’s successful history of growth by acquiring industry-recognized brand names and assets, some of which include Wagner Manufacturing, Specialty Chemical, EcoPad and The Black Pad. In September 2015 DiversiTech announced it was offering 4-way reversing valves to its product portfolio.
DiversiTech will now be able to offer its HVAC wholesaler partners a broader and more complete line of leak detection and sealant repair products, as well as lighting tools and air purification products.
Cliplight brings numerous well-known brands to the DiversiTech portfolio. Cliplight is also respected throughout the industry for its R&D capabilities and superior technical support. Sources say these advantages — as well as DiversiTech’s warehousing and distributing operations — will provide improved shipping and ordering efficiencies and an expanded geographical reach to serve more customers. Most immediately, DiversiTech will now be able to offer its HVAC wholesaler partners a broader and more complete line of leak detection and sealant repair products, as well as lighting tools and air purification products.
Founded in 1976 with the Cliplight worklight, the company later invented the first residential and commercial HVACR sealant, Super Seal, in 2003. Super Seal, which is still made in the United States, is a widely-recognized sealant brand with nearly two million sealant applications worldwide for appliance, residential, and commercial air conditioning and refrigeration systems. Unlike other sealant products in the marketplace today, Super Seal Advanced products uniquely combine sealant and moisture eliminators while Super Seal Total also includes UV dye in an environmentally friendly and technologically advanced product. Super Seal’s unique and patented vacuum-packed delivery method uses the HVACR system’s own refrigerant to mix and circulate the sealant materials. This innovative process means harmful chemicals often used in other competitive products such as butane or pentane are not needed, and ensures there is no dilution of the refrigerant.
In addition to acquiring the Super Seal family of brands, other product lines coming to DiversiTech include: work lights, leak detection inspection lights, air ozone machines, A/C tools and battery chargers. Combined, DiversiTech is acquiring more than 450 product SKUs.
“This is a perfect marriage between two companies with complementary products and services that can be leveraged to the greater benefit of our HVAC wholesaler customers and contractors,” said DiversiTech Chief Sales and Marketing Office Bud Sjogren.
“The entire leadership team and the employees of Cliplight are second-to-none. With them and all of Cliplight’s assets, we are furthering our mission of providing the widest selection of quality products to help our customers simplify the way they work," Sjogren said.
“DiversiTech has an enviable market-leading position and a true vision for the future,” said Cliplight Director of Sales and Marketing, HVACR, Linda Appler. “We’re excited to join a team that has an expansive sales force, key customer access, excellent financial strength and other superior operational capabilities. The future looks very bright with the combination of our two companies.”
During the integration, which is already underway, customers of both companies will continue to receive the same high level of service and delivery they’ve come to expect. They can also continue to place product orders and request technical assistance as they currently do. The complete integration is expected to be finalized in Q1 of 2016.
Distributors and contractors wanting more information can contact their local DiversiTech manufacturer representative or visit www.diversitech.com