FyreFem Fund Managers in South African industrials deal
Posted on: 6 July, 2020 at 8:30 AM
A consortium consisting of FyreFem Fund Managers and IA Heating Systems has acquired South African temperature measurement solutions company Endress+Hauser Pyrotemp.
FyreFem is a 100% women-owned South African fund manager which focuses on investments in SMEs.
IA Heating Systems is a family-owned business and a supplier of heating-related products, systems and alloys, including metallic heating elements, resistance heating wire and strips.
According to a statement by the company, Endress+Hauser Pyrotemp, previously owned by Endress+Hauser Wetzer GmbH+Co.KG (Germany), will trade under the Pyrotemp brand from the date of ownership transfer.
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