The Glen Dimplex Group has acquired a majority shareholding in Thermofilm Pty Ltd.
Based in Victoria, Thermofilm produce and distribute a premium range of Heatstrip outdoor radiant heating products – both electric and gas.
The company has over 30 years experience in the outdoor heating category.
Meanwhile, Glen Dimplex which was founded in 1973, is a leading manufacturer of electrical heating products, domestic appliances and cooling, ventilation, and renewable energy solutions.
Thermofilm has also been manufacturing products for more than 30 years and has an extensive range of heaters for use within residential, commercial and institutional markets, both in Australia and around the world.
Glen Dimplex Australia CEO, Dave Woodward, said Thermofilm Pty Ltd will remain a standalone trading entity for the next two years.
He said Glen Dimplex has the option to buy the remaining shareholding at the end of this period.
“There are obvious synergies between the two companies and their complimentary product portfolios,” Woodward said.
“The market leading technologies that Thermofilm have developed over several decades, coupled with their premium positioning, complements our existing brands very well.
“We will now be able to expand our offering to retail partners, specifiers and architects and volume home builders to include the outdoor room.”