Chemelex Begins New Journey as Independent Entity, Appoints David Prystash as CEO
Chemelex is marking two major milestones in its history with the successful completion of its separation from nVent and the appointment of David Prystash as its new Chief Executive Officer (CEO). Following its acquisition by Brookfield Asset Management’s private equity division,has emerged as an independent entity, poised to accelerate its growth and expand its innovation in the thermal management industry.
As a leader in self-regulating heat tracing technologies and other related solutions,has built a strong reputation over the years. Formerly known as the Thermal Management business of nVent, has long been recognized as an industry expert, especially in providing critical thermal and sensing solutions. With the completion of the separation,Chemelex is set to build on its established legacy while continuing its mission of delivering high-quality electric thermal and sensing solutions that protect essential processes, facilities, and people on a global scale.
The company’s approach, “Excellence is Everything,” is a testament to its commitment to innovation, reliability, and exceptional customer service. serves a wide range of industries, including industrial manufacturing, energy companies (both traditional and those in transition), infrastructure firms, data center organizations, commercial buildings, and even homeowners. By operating as a standalone company, is able to focus more directly on its customer needs, drive product innovation, improve operational agility, and strengthen its relationships with clients.
In a key leadership shift, David Prystash steps into the role of CEO, succeeding Brad Faulconer, who will remain with the company as a strategic advisor. Mr. Prystash comes to with a wealth of experience from senior leadership roles, including his recent tenure at International Automotive Components Group (IAC), where he served as Chief Financial Officer before advancing to Chairman and CEO.
The Board expressed its gratitude to Brad Faulconer for his leadership and invaluable contributions over the past 30 years, stating, “We thank Brad for his leadership and many achievements over the past 30 years. 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.”
David Prystash, newly appointed CEO, is enthusiastic about s future, stating, is established as the segment leader in mission-critical heat management solutions, bringing quality, innovation, and high-quality service to the market. I’m excited to lead the business and work with the team as together we embark on next chapter as an independent business, well-positioned for further growth.”
Chemelex’s offerings include globally recognized heat tracing and comprehensive heat management solutions. The company boasts a portfolio of trusted brands that play crucial roles in providing quality products and engineering services for various industries:
- Raychem: This brand is known for its industrial heat tracing solutions, offering energy-efficient options for both traditional and clean fuel applications. Raychem products also provide commercial and residential winter protection and performance solutions for buildings, infrastructure, and homes.
- Tracer: Tracer specializes in heat management services, helping optimize heat tracing projects with an integrated approach that maximizes performance, reduces costs, and minimizes risks.
- Pyrotenax: A key player in the fire-rated cable sector, Pyrotenax delivers cables that protect vital electrical circuits during emergencies, ensuring that safety is maintained even in critical situations.
- Nuheat: Nuheat provides floor heating systems, designed to deliver comfort in residential and commercial spaces.
These brands represent Chemelex’s broad portfolio, which includes time-tested technologies designed to meet the increasingly complex demands of thermal management across diverse environments. Each brand continues to support mission to provide mission-critical solutions with an emphasis on safety, efficiency, and reliability.
About Chemelex
Chemelex is a global leader in electric thermal and sensing solutions, committed to protecting the world’s most critical processes, places, and people. With more than 50 years of innovation, has developed solutions that ensure safety, reliability, and efficiency across various environments, from industrial plants and data centers to residential homes. The company delivers cutting-edge technologies, advanced engineering capabilities, and local expertise that align with global standards. portfolio includes highly regarded brands such as Raychem, Tracer, Nuheat, and Pyrotenax, each providing future-ready solutions to meet the evolving needs of thermal management in the modern world.
