Chemelex Embarks on New Chapter as Independent Company, Appoints David Prystash as CEO
Chemelex, a global leader in electric thermal and sensing solutions, today announces two significant milestones in its history: the completion of its separation from nVent and the appointment of David Prystash as Chief Executive Officer. Following the acquisition by Brookfield Asset Management’s private equity business, Chemelex is now operating as an independent entity, positioned for accelerated growth and innovation in the thermal management sector.
As a pioneer in self-regulating heat tracing and other technologies, Chemelex, formerly the Thermal Management business of nVent, has long been recognized as an expert within the industry. The company will build on this legacy, continuing its mission to deliver high-quality electric thermal and sensing solutions that protect critical processes, places, and people worldwide. Chemelex's "Excellence is Everything" approach underscores its commitment to innovation, reliability, and exceptional service for its diverse clientele, including industrial manufacturers, traditional energy and energy transition companies, infrastructure and data center organizations, commercial buildings, and homeowners. The transition to a standalone company allows Chemelex to increase its focus on serving its customers through product innovation, agile operations and direct relationships.
David Prystash succeeds Brad Faulconer, who will continue to serve as a strategic advisor. Mr. Prystash brings extensive experience from senior leadership roles. Most recently, he served at International Automotive Components Group (IAC), first as Chief Financial Officer and later as Chairman and CEO.
"We thank Brad for his leadership and many achievements over the past 30 years," said the Chemelex Board. "David is an experienced leader with a strong track record of building teams enabled to drive growth and innovation with customer-focused strategies. We welcome David and look forward to working with both him and Brad in their new roles."
“Chemelex is established as the segment leader in mission-critical heat management solutions, bringing quality, innovation, and high-quality service to the market,” said David Prystash, CEO. “I’m excited to lead the business and work with the team as together we embark on Chemelex’s next chapter as an independent business, well-positioned for further growth.”
The Chemelex business encompasses globally leading portfolios of heat tracing solutions and comprehensive heat management systems. These solutions are represented by renowned brands such as Raychem, Tracer, Pyrotenax, and Nuheat, each playing an essential role in delivering quality products and engineering services with proven technologies, now backed by Chemelex:
- Raychem: Offers industrial heat tracing solutions that protect critical processes with a focus on energy transition in both traditional and clean fuel applications. Additionally, the brand provides commercial and residential winter protection and enhanced performance solutions for buildings, infrastructure, and homes.
- Tracer: Provides heat management services designed to optimize heat tracing projects through an integrated approach to maximize performance, reduce costs, and minimize risks.
- Pyrotenax: Delivers fire-rated cables that protect crucial electrical circuits necessary during emergencies.
- Nuheat: Offers floor heating systems that provide comfort in residential and commercial buildings.
These brands offer a broad range of time-tested, future-ready technologies and tools designed to meet the increasingly complex needs of thermal management across diverse environments.
About Chemelex
Chemelex is a global leader in electric thermal and sensing solutions, protecting the world’s critical processes, places, and people. With over 50 years of innovation and a commitment to excellence, we develop solutions that ensure safety, reliability, and efficiency in diverse environments – from industrial plants and data centers to people’s homes. We deliver future-ready technologies, advanced engineering capabilities and local expertise backed by global standards. Our offering includes a leading portfolio from our trusted brands: Raychem, Tracer, Nuheat and Pyrotenax.
Chemelex, Raychem, Tracer, Nuheat and Pyrotenax are trademarks owned or licensed by Chemelex or its affiliates.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250130680191/en/
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Vertex Announces FDA Approval of JOURNAVX™ (suzetrigine), a First-in-Class Treatment for Adults With Moderate-to-Severe Acute Pain31.1.2025 00:25:00 CET | Press release
-- JOURNAVX is the first and only approved non-opioid oral pain signal inhibitor and the first new class of pain medicine approved in more than 20 years ---- JOURNAVX is an effective and well-tolerated medicine without evidence of addictive potential indicated for use across all types of moderate-to-severe acute pain -- Vertex Pharmaceuticals Incorporated (Nasdaq: VRTX) today announced that the U.S. Food and Drug Administration (FDA) has approved JOURNAVX™ (suzetrigine), an oral, non-opioid, highly selective NaV1.8 pain signal inhibitor for the treatment of adults with moderate-to-severe acute pain. JOURNAVX is an effective, well-tolerated medicine without evidence of addictive potential indicated for use across all types of moderate-to-severe acute pain. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250109747971/en/ JOURNAVX bottle and tablet (Photo: Business Wire) “Today’s approval is a historic milestone for the 80 milli
Binarly Expands Platform to Enable Post-Quantum Compliance Readiness30.1.2025 20:30:00 CET | Press release
The all-new Binarly Transparency Platform v2.7 adds cryptographic reachability and PQC compliance features to enable forward-looking organizations to meet NIST standards and deadlines with confidence. Binarly, a leader in firmware and software supply chain security, today announced the release of its flagship Binarly Transparency Platform v2.7, a major update that immediately enables corporate defenders to prepare for a mandatory transition to Post-Quantum Cryptography (PQC) standards. As quantum computing advances, the National Institute of Standards and Technology (NIST) has issued fresh guidance on Post-Quantum Cryptography (PQC), underscoring the urgency of PQC readiness amid deadlines and regulations. Transitioning large enterprises to meet these new requirements is a lengthy, often complex process. The latest product update has been fitted with patented technologies to handle discovery, inventorying and assessment of cryptographic assets: Cryptographic Keys: Ownership, algorithm
Flutter and Aviator Agree on a Long-term Commercial Partnership30.1.2025 18:38:00 CET | Press release
Flutter Entertainment (Flutter) and Aviator LLC (404612610) (Aviator) have agreed on a long-term commercial partnership, which will see Aviator-branded online games being marketed and distributed internationally by Flutter. As part of the deal both parties have agreed to settle their outstanding legal dispute. View source version on businesswire.com: https://www.businesswire.com/news/home/20250128107435/en/
AstroPay Continues Global Expansion With Payment Institution License for Multicurrency Wallet in Brazil30.1.2025 18:00:00 CET | Press release
AstroPay, a global leader in digital financial solutions, is redefining financial connectivity in Brazil with its strategic expansion and acquiring a coveted Payment Institution (PI) license issued by the Central Bank of Brazil. This license is from the Central Bank of Brazil, underscoring AstroPay’s commitment to delivering secure, compliant, and user-friendly cross-border payment solutions. AstroPay is poised to bring faster, simpler, and more innovative financial services for Brazil's local and international users and businesses, solidifying AstroPay’s position as the go-to platform for seamless, secure cross-border financial management. AstroPay’s “Pix for Foreigners” allows international visitors to make instant payments in Brazilian reais, giving small businesses—from beach vendors to market stalls—a frictionless way to transact without the excessive fees associated with credit cards. In addition, AstroPay’s global card also allows users to manage their money securely across bord
World-Renowned Athlete Charles Leclerc Teams Up with Eight Sleep to Redefine Recovery30.1.2025 18:00:00 CET | Press release
Leclerc Joins the World’s Leading Sleep Fitness Company as an Ambassador and Investor to Prove that Elite Performance Starts with Optimized Sleep Charles Leclerc, the world-class racing driver known for his exceptional talent throughout his career, is teaming up with Eight Sleep, the world’s leading sleep fitness company, as an Athlete Ambassador and Investor. With this partnership, Leclerc joins the elite group of hundreds of professional athletes and successful entrepreneurs who use Eight Sleep’s world class sleep technology to fuel their performance, proving recovery is just as critical as speed on the track. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250130814809/en/ World-Renowned Athlete Charles Leclerc Teams Up with Eight Sleep to Redefine Recovery (Photo: Business Wire) As an elite athlete, Leclerc is accustomed to taking on extreme pressure with his sport, on top of navigating a grueling year-round travel schedu
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom