MEGTEC Systems Purchases Intellectual Property of former Ross Air Systems

The purchase includes Ross Air Systems’ intellectual property only, and does not include the employees, inventories or in-process contracts, company’s physical property such as buildings or any liabilities whatsoever for any of their existing installed base (inclusive of any warranty obligations).

MEGTEC Systems is a world –leading supplier of industrial dryers and ovens, VOC oxidation equipment, solvent recovery and distillation systems, heat recovery systems, web handling and other equipment for coating, packaging, converting and other process markets.