HOUSTON–( BUSINESS WIRE )–Chemelex, a global leader in electric thermal and sensing solutions, today announced two important milestones in its history: the completion of its separation from nVent and the appointment of David Prystash as CEO. Following its acquisition by the private equity arm of Brookfield Asset Management, Chemelex now operates as an independent company, poised to accelerate its growth and innovation in the thermal management industry.
A pioneer in self-regulating thermal tracking and other technologies, Chemelex, formerly the Thermal Management division of nVent, has long been recognized as an industry leader. The company will continue to build on this legacy while continuing its mission to provide high-quality electrical thermal and sensing solutions to protect processes, environments and people around the world. Its commitment to innovation, reliability and service excellence is reflected in its “Excellence is Everything” philosophy, which targets a diverse audience that includes industrial, traditional and transitional energy companies, infrastructure, data centers, commercial buildings and residential. In its new phase as an independent company, Chemelex will be able to further focus on product innovation, agile operations and direct relationships.
David Prystash assumes the role previously held by Brad Faulconer, who will continue to serve as a strategic advisor. Prystash has extensive experience in senior leadership roles and most recently served at International Automotive Components Group (IAC), first as CFO and later as President and CEO.
“ We thank Brad for his leadership and many accomplishments over the past 30 years,” said the Chemelex Board. “ David is a seasoned leader with a strong track record of building capable teams to drive growth and innovation through customer-focused strategies. We welcome David to the board and look forward to collaborating with him and Brad in their new roles.”
“ Chemelex has established itself as a leader in essential thermal management solutions, delivering quality, innovation and superior service to the market,” said David Prystash, CEO. “ I am excited to lead the company and work alongside the team as we begin this new chapter as an independent company poised for even greater growth.”
Chemelex brings together a leading global portfolio of heat tracing solutions and complete heat management systems. Its solutions are represented by renowned brands such as Raychem, Tracer, Pyrotenax and Nuheat, all of which play an essential role in delivering high-quality products and engineering services with proven technologies, now under the leadership of Chemelex:
- Raychem: provides industrial heat tracing solutions that protect critical processes, with a focus on the energy transition, covering both traditional and clean fuel applications. In addition, the brand offers winter protection for commercial and residential environments, as well as solutions to improve the performance of buildings, infrastructure and homes.
- Tracer: offers thermal management services designed to optimize thermal tracing projects through an integrated approach, ensuring maximum performance, cost reduction and risk minimization.
- Pyrotenax: Provides fire-rated cables that protect essential electrical circuits in emergency situations.
- Nuheat: offers underfloor heating systems that provide comfort in residential and commercial buildings.
These brands offer a wide range of proven, future-proof technologies and tools designed to meet increasingly complex thermal management needs in diverse environments.
About Chemelex
Chemelex is a global leader in thermal and electrical sensing solutions, protecting the world’s critical processes, locations and people. With over 50 years of innovation and a commitment to excellence, we develop solutions that ensure safety, reliability and efficiency in a variety of environments, from industrial plants and data centers to homes. We offer future-proof technologies, advanced engineering capabilities and local expertise, backed by global standards. Our offering includes a leading portfolio of our trusted brands: Raychem, Tracer, Nuheat and Pyrotenax. www.chemelex.com
