For immediate release
January 6th, 2021
Fredericton, N.B. – Canadian business leader and serial entrepreneur Charles Cartmill announced today the sale of C-Therm Technologies Ltd. to the company’s top executive Adam Harris.
Terms of the deal were not disclosed.
Cartmill commented, “I am proud to sell the business to Adam, who launched C-Therm with me 14 years ago. Adam has been an outstanding business leader delivering profitability in every year of our operation while managing key relationships with ACOA, NRC IRAP and Opportunities New Brunswick. Together we’ve created over 25 high tech jobs in the region through C-Therm. My objective has always been to create sustainable economic activity in the region. With this change, I know the business will be in good hands and will continue to do that for the foreseeable future. Harris noted, “the mission stays the same. We have an aggressive appetite for growth and our team is really excited about the future. We doubled the size of the business the past 3 years. We are looking to continue that trajectory. Our purpose remains creating economic opportunity here in New Brunswick for our people by developing innovative solutions characterizing heat transfer properties for our clients around the world.”
About C-Therm Technologies Ltd.
C-Therm Technologies Ltd. is the world leader in transient-based thermal conductivity instrumentation for R&D, production and quality control environments. The company supports a wide range of applications in characterizing the thermal conductivity of battery components, conductive polymers, wearables, performance textiles and construction materials. C-Therm’s overall mission is to simplify thermal conductivity characterization and provide high accuracy data under real-world conditions for improved performance.
For more information, please contact:
C-Therm Technologies Ltd.
Tel : +1 (506) 462-7203
Mob : +1 (506) 471-7201