Stelrad Radiator Group has acquired Hudevad from the administrator of Ribe Jernindustri A/S, for an undisclosed sum.
The acquisition will increase the presence of the Stelrad Radiator Group in the European designer radiator market.
It includes the intellectual property, manufacturing assets and Hudevad brand.
Hudevad Radiator Design is the name of the new Stelrad Radiator Group subsidiary, which employs 43 people in Ribe, Denmark and the UK.
With roots that date back to 1872, the Hudevad radiator factory was established in 1936.
During the 1970s Hudevad Radiatorfabrik had more than 300 employees, with sales companies in Germany, the UK. Belgium, France and Canada
Ribe Jernindustri acquired Hudevad Radiatorfabrik A/S in 2004.
Headquartered in Newcastle-upon-Tyne, Stelrad Radiator Group supplies 6 million radiators annually and employs over 1,200.
It is best known for its steel panel radiators marketed primarily under the Stelrad, Henrad and Termo Teknik brands.
Hudevad is a premium radiator brand, specified by architects and consulting engineers.
Stelrad reported designer models were leading the way in radiator sales at a business update event in 2016.
Led by Jesper Friis, former head of sales & marketing at Ribe Jernindustri A/S, the Hudevad team represents the majority of those who worked for Ribe Jernindustri, ensuring continuity.
With the exception of steel panel radiators. manufacturing in the Ribe facility will continue.
Stelrad Radiator Group will introduced its own Stelrad branded steel panel radiators into the Danish market.
In a statement issued by the company, it stated: “Stelrad Radiator Group is delighted to add such a prestigious brand and unique range of designs to its expanding portfolio of designer radiators.
“Future investment in Hudevad will further develop the brand’s reputation for creative design solutions and high quality engineering, adding further value to the Stelrad Radiator Group and its customers.”