Lanair Products has purchased Lenan Corp., a niche manufacturer of waste oil heaters and related equipment.
Terms of the deal were not disclosed.
Lenan, based in Janesville, Wis., was founded in 1976 by Les and Nancy Marzahl. The two have run the company for 33 years.
"This transaction allows for a transition of our business to a highly qualified operator while maintaining its presence in Janesville," said Les Marzhal, president and CEO of Lenan. "It also allows Nancy and I to pursue our interests outside of the business. We are excited about the transition and look forward to the company growing and prospering in the future under this new leadership."
The business will operate as Lanair Products, a wholly owned subsidiary of Lanair Holdings.
Terms of the deal were not disclosed.
Lenan, based in Janesville, Wis., was founded in 1976 by Les and Nancy Marzahl. The two have run the company for 33 years.
"This transaction allows for a transition of our business to a highly qualified operator while maintaining its presence in Janesville," said Les Marzhal, president and CEO of Lenan. "It also allows Nancy and I to pursue our interests outside of the business. We are excited about the transition and look forward to the company growing and prospering in the future under this new leadership."
The business will operate as Lanair Products, a wholly owned subsidiary of Lanair Holdings.
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