Nancy Crafton, the widow of Thermcraft’s former president and CEO Thomas Crafton, said, “Selling Thermcraft was easier knowing it’s going to a company that respects its history and values its employees like Alloy Engineering does. Tom would be happy to know there is a bright future for Thermcraft,” Nancy Crafton said.
The acquisition of Thermcraft Inc., Winston-Salem, N.C., fits into Alloy Engineering’s strategy to expand their high temperature product offering, according to the company. Alloy Engineering plans to leverage its expertise in high temperature alloys with Thermcraft’s experience in ceramics and heaters to create new products.
“I am excited and eager to take the reputation built by the Crafton family along with the Thermcraft employees and grow it to the next level. By merging the core competencies of both companies and taking innovative solutions to market, we will provide a solid future for both of our companies,” said Lee Watson, president and CEO of Alloy Engineering.