New CEO and Shareholder for Thermaflex

Nimbus Investments from Zeist, the Netherlands, have completed a capital injection in Thermaflex, a successful international player in the field of technical insulation and pre-insulated piping systems, to support the faster realization of its growth targets. Originally founded in the Netherlands, Thermaflex develops smart, and sustainable distribution solutions for heating, cooling and potable water since 1976. Thermaflex is a member company of PBPSA.

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Thermaflex has developed activities in over 45 countries worldwide, with production facilities in the Netherlands, Poland, Russia, Turkey, and Thailand, and additional sales and distribution offices in Germany, Scandinavia, France, Italy, Austria, USA, Mexico, Colombia and Panama. With its nature-inspired design for efficiency, durability and recyclability, Thermaflex strives to minimize the claim on resources for maximum benefit in respect to energy, economy, environment and quality of life.

Recent market developments offer immense growth opportunities for Thermaflex including 4th generation district heating and cooling networks as well as indoor solutions for cruise ships, HRV, residential and commercial markets in Europe, Asia, Middle East and the Americas.

In order to unfold the full potential of their solutions in both new and existing markets for sustainable thermal energy transport, Nimbus has agreed to support Thermaflex’ growth through additional capital, as well as through its strategic expertise in industrial markets. As an investor, Nimbus is involved in over 30 European, primarily industrial companies where it ensures hands-on support for the implementation of improvement trajectories. Nimbus Investments has offices in Zeist and Munich (Germany).

Bert Venema was appointed as interim CEO of Thermaflex International Holding B.V. in succession of Gerrit-Jan Baars earlier this year, who will remain active as an advisor and ambassador for the company devoting his extensive experience and know-how to assist Thermaflex. Considering the extensive know-how and network of the new shareholder, Thermaflex will now be better equipped to achieve its growth targets for the coming years as an innovative company, and strategically market its sustainable insulation and pre-insulated distribution solutions at an accelerated speed.

For more information, contact:
Bert Venema
Interim CEO Thermaflex International Holding B.V.

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Polybutene-1 is often referred to as Polybutene, Polybutylene, PB-1 or PB.

Polybutene-1 is not sold by PBPSA members for use in pipe applications intended for use in North America, and those parties require their customers or distributors not to sell products made from PB-1 into pipe applications for North America.