Harbour Group's ONICON Acquires Fox Thermal Instruments

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Sep 06, 2016, 10:00 ET

ST. LOUIS, Sept. 6, 2016 /PRNewswire/ -- ONICON Incorporated, a Harbour Group company, has acquired Fox Thermal Instruments, Inc., Jeff Fox, Harbour Group's chairman and chief executive officer, announced today. Terms of the transaction were not disclosed.

For over 20 years, Fox Thermal Instruments has developed and manufactured thermal mass flow meters for the energy, water, wastewater, and other industrial end markets throughout North America. The company, which has no previous connection to Harbour Group, is dedicated to serving the evolving needs of the industry with highly engineered product and dedicated customer service. The business is run by its founder, Brad Lesko, and is headquartered in Monterey, California.

Mr. Fox commented, "Fox Thermal Instrument's product line fits extremely well with ONICON and expands the overall company's end markets. Brad and his team bring expertise in thermal mass flow meters and we look forward to working together to continue to grow the combined business."

John Norris, president and chief executive officer of ONICON, commented, "We are excited about the addition of the Fox products and team to our company. Adding Fox Thermal Instruments to our platform gives us the ability to produce thermal mass meters internally and expand our position in that rapidly growing market."

Added Lesko, Fox Thermal Instrument's president: "ONICON's platform is an ideal home for our business to thrive. ONICON's market position and technologies combined with Harbour Group's operating resources will continue to make our business bigger and better."

About ONICON
ONICON Incorporated has been in the flow measurement business since 1987. Headquartered in Largo, Fla., ONICON designs and manufactures a full line of highly accurate flow meters and energy measurement systems. The company provides a wide range of products including turbine, vortex, electromagnetic, thermal mass, and ultrasonic meters as well as BTU meters and display modules. Every product is individually calibrated and all products are delivered fully programmed for the customer's application.

About Harbour Group
Harbour Group is a privately owned, operations focused company based in St. Louis, Mo. Harbour Group's companies are engaged in manufacturing and distribution in multiple industries, including scientific products and lab ware, thermal management solutions, flow and energy measurement, boiler systems, professional diagnostic and repair tools, niche distribution, logistics services, abrasives, diamond-cutting products and related tools, entertainment and music products, and auxiliary plastic processing equipment. Since its founding in 1976, Harbour Group has acquired 185 companies in 39 different industries.

SOURCE Harbour Group