Chromalox gets new debt financing for acquisition by Irving Place

By Sara Rosenberg

New York, Jan. 7 - Chromalox received debt financing from GE Capital and existing lenders to help fund its buyout by Irving Place Capital from Sentinel Capital Partners, according to a news release.

In connection with the transaction, senior management increased its ownership in the company and will retain a substantial stake in the business going forward.

Chromalox is a Pittsburgh-based manufacturer of branded electric heating and control products.

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