Watlow Acquired By Tinicum L.P. Share Article ST. LOUIS (PRWEB) March 02, 2021 Tinicum, L.P. and affiliated funds managed by Tinicum Incorporated (“Tinicum”) announced today that they have acquired a controlling interest in Watlow, an industry leader in the design and manufacture of complete thermal systems. The financial terms of the transaction were not disclosed, although Desloge family shareholders and management will continue to have a minority ownership in the nearly 100-year-old company. Watlow’s headquarters will remain in St. Louis, Missouri. Watlow is a world class, diversified, industrial technology company providing innovative thermal solutions to many of the world’s preeminent companies in industries such as semiconductor manufacturing, energy and environmental technologies, medical and clinical equipment, foodservice equipment and refrigerated transportation. The transaction with Tinicum will preserve Watlow’s legacy while accelerating investments to support growth with its global customers, including international expansion, key technology advancements driven by Industry 4.0, the addition of strategic products and capabilities through acquisitions and enhancement of operating capabilities and capacity.