Therma-Flite Lands $7,500,000 New Funding Round

  • Feed Type
  • Date
    11/19/2013
  • Company Name
    Therma-Flite
  • Mailing Address
    P.O. Box 847 Benicia, CA 94510
  • Company Description
    Therma-Flite has a long history of screw conveyor technology and auger design, manufacturing equipment for chemical and process industries all over the world. Therma-Flite (then known as Christian Engineering) designed, built and sold the first hollow screw heat exchanger in 1939 for the food industry.
  • Website
    http://www.therma-flite.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $7,500,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The company intends to use the funds to introduce new products within its core markets and expand its plants in Benicia and El Dorado, Arkansas.
  • M&A Terms
  • Venture Investor
    XPV Capital