Yuba plant sold again; buyer mum on future

By KYLE ARNOLD World Staff Writer - 11/4/2009


Tulsa manufacturer Yuba Heat Transfer LLC is being sold to competitor SPX Corp., the second ownership change for the company in five years.

Yuba's plant, located at 2121 N. 161st East Ave., employs about 300 people and makes heat exchanger units for power generation plants.

The company, based in Tulsa since 1928, was sold in 2004 to Connell Limited Partnership, a Boston-based holding company for several industrial manufacturing firms. Before that Yuba was owned by Alstom, a French company.

SPX, in announcing the acquisition Tuesday from its headquarters in Charlotte, N.C., did not disclose its plans for Yuba or terms of the deal.

"Yuba's proven heat transfer products and installed base of thousands of customers across many fuel types will provide a significant opportunity to offer a broader range of solutions in key strategic markets, particularly in the U.S.," said SPX chairman, president and CEO Christopher Kearney in a statement.

SPX spokeswoman Jennifer Epstein said the company will wait to make any comments on its plans until completion of the purchase, which requires regulatory approval.

Yuba sells power generation equipment under its own name as well as the Ecolaire brand.



Kyle Arnold 581-8380
kyle.arnold@tulsaworld.com




Email to a Friend
Main Menu