Cadet Mfg Sold to Glen Dimplex

Electric heating manufacturer Cadet Manufacturing, Vancouver, Wash., will be acquired by Glen Dimplex Group, the world’s largest manufacturer of electrical heating, headquartered in Ireland. Like Cadet, Glen Dimplex is a privately held company managed by its founding family. The sale will be effective at closing later this fall.

Cadet will retain its name for the foreseeable future, maintain its headquarters in Vancouver and continue to be overseen by its existing management team. Cadet founder and current CEO, Dick Anderson, will continue with the company in a consulting role. Cadet’s current president, Hutch Johnson, who has been with the company since 1998, will be promoted to CEO.

TAGS: Global
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