Chemelex has completed its separation from nVent and appointed David Prystash as CEO.
Following the acquisition by Brookfield Asset Management’s private equity business, Chemelex is now operating as an independent entity, positioned for accelerated growth and innovation in the thermal management sector.
As a pioneer in self-regulating heat tracing and other technologies, Chemelex, formerly the Thermal Management business of nVent, has long been recognised as an expert within the industry.
The transition to a standalone company allows Chemelex to increase its focus on serving its customers through product innovation, agile operations and direct relationships.
David Prystash succeeds Brad Faulconer, who will continue to serve as a strategic advisor. Prystash most recently served at International Automotive Components Group (IAC), first as CFO and later as chair & CEO.
The Chemelex business encompasses globally leading portfolios of heat tracing solutions and comprehensive heat management systems.
These solutions are represented by renowned brands such as Raychem, Tracer, Pyrotenax, and Nuheat.
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