Thermal Product Solutions

What Thermal Product Solutions does

Thermal Product Solutions (TPS) is a privately held US industrial-equipment manufacturer headquartered in New Columbia, Pennsylvania, that designs, builds, and services thermal processing and environmental testing equipment under five heritage brands — Blue M, Gruenberg, Tenney/Lunaire, Wisconsin Oven, and Lindberg/MPH. The company sells to industrial and institutional buyers across aerospace and defense, electronics and semiconductor manufacturing, pharmaceutical and medical-device production, advanced materials and composites, energy and electric-vehicle battery testing, lab animal science, and oil and gas. Its equipment must conform to a dense stack of regulatory standards including MIL-STD 810/202/888, NFPA 86A/497, ASTM E145/5423, FM, FIA, OSHA, UL508A, CE Mark, and A2LA ISO/IEC 17025 calibration accreditation, and the company maintains an A2LA-accredited calibration laboratory.

TPS's product portfolio spans industrial batch, cabinet, conveyor, curing, drying, gravity, inert-gas, benchtop, stacked, top-loading, and truck-in ovens; environmental test chambers covering temperature, humidity, altitude, thermal shock, steady-state stability, walk-in rooms, and thermal-vacuum space simulation; pharmaceutical sterilizers, depyrogenation ovens, dry-heat sterilizers, and granulation dryers; and laboratory furnaces including crucible, box, tube, and retort configurations. Core technologies include CHIL construction (separated insulated inner and outer surfaces), mechanical convection heating, inert-gas atmosphere control, cascade and single-stage refrigeration, and the proprietary Friction-Aire and explosion-resistant safety architectures for hazardous-atmosphere operation. The company has also introduced SafeTest battery test chambers and the DataSense IoT-based remote performance monitoring system as adjacent growth platforms.

Revenue is generated through five streams: new-equipment sales (quote-based, multi-year contract cadence), refurbished equipment sales ($3,958–$99,500 unit range), monthly rental with rent-to-own options ($750–$2,200/month), aftermarket parts and service including the TPS MAX program, and custom engineering design services. The go-to-market combines direct enterprise field sales with regional sales managers, a dedicated e-commerce parts store, phone-based inside sales, and a refurbished/rental program serving mid-market and short-notice customers. In December 2020 TPS raised $29,000,000 in growth capital from Prospect Capital Corporation, and the company has historically expanded through brand acquisitions including Wisconsin Oven in April 2015.

Name

Thermal Product Solutions

Legal name

Thermal Product Solutions

Website

https://thermalproductsolutions.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

101–250 employees

Short description

Thermal Product Solutions (TPS) is a privately held US manufacturer operating five heritage brands that produce industrial ovens, environmental test chambers, pharmaceutical sterilizers, and laboratory furnaces for aerospace, defense, pharmaceutical, semiconductor, and industrial customers worldwide.

Ownership category

akta.pro rank

Product category

Industrial Thermal Processing Equipment

NAICS

Industrial Process Furnace and Oven Manufacturing (333994), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (3334), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414)

SIC

Industrial Process Furnaces & Ovens (3567), Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Heating Equipment, Except Electric & Warm Air Furnaces (3433)

akta.pro primary industry

Boilers, Furnaces & Process Heating Equipment (IMAHAKAD)

akta.pro secondary industries

Heat Treatment & Thermal Processing Furnaces (Hardening, Annealing, Induction) (IMAHADAI), Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC)

Keywords

• Industrial thermal processing
• Environmental test chambers
• Industrial ovens manufacturing
• Pharmaceutical sterilizers
• Laboratory furnaces

Headquarters

HQ city

New Columbia

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. New Equipment Sales: Sale of industrial ovens, environmental test chambers, lab furnaces, pharmaceutical sterilizers, and custom thermal processing equipment to defense, aerospace, electronics, pharmaceutical, and other industrial customers.
2. Rental Equipment: Monthly rental of environmental chambers and ovens with rent-to-own options. Rental prices range from $750/month for basic temperature test chambers to $2,200/month for advanced temperature/humidity cycling chambers.
3. Refurbished Equipment Sales: Sale of refurbished and rental-returned environmental chambers and ovens. Established in 2004 to address industry need for quality used equipment. Prices range from approximately $3,958 for lab ovens to $99,500 for walk-in environmental rooms.
4. Aftermarket Parts & Service: Replacement parts, repair services, preventive maintenance, calibration, validation services, retrofits and upgrades, and installation services. TPS MAX program allows customers to pre-purchase future service and parts.
5. Engineering Design Services: Custom engineering design services for developing application-specific thermal processing solutions.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Thermal Product Solutions (TPS) manufactures and sells industrial ovens, environmental test chambers, pharmaceutical sterilizers, and laboratory furnaces under five established brands (Blue M, Gruenberg, Tenney/Lunaire, Lindberg/MPH, Wisconsin Oven). The company supplies new, custom, refurbished, and rental thermal processing equipment alongside aftermarket parts, calibration, validation, and engineering design services to industrial customers in aerospace, defense, pharmaceutical, semiconductor, energy, and manufacturing sectors.

Product overview

Thermal Product Solutions (TPS) is a manufacturer of industrial thermal processing and environmental testing equipment organized as a multi-brand portfolio. The company offers industrial ovens under the Blue M, Gruenberg, and Wisconsin Oven brands, environmental test chambers under the Tenney/Lunaire brand, and lab furnaces under the Lindberg/MPH brand. The product portfolio centers on industrial batch ovens, cabinet ovens, conveyor ovens, curing ovens, drying ovens, gravity ovens, inert gas ovens, benchtop ovens, stacked ovens, top-loading ovens, and truck-in ovens for thermal processing; environmental test chambers including temperature/humidity chambers, altitude chambers, thermal shock chambers, steady state stability chambers, walk-in rooms, and thermal vacuum space chambers; pharmaceutical sterilizers, depyrogenation ovens, dry heat sterilizers, and granulation dryers; and lab furnaces including crucible, box, and tube furnaces. The company also provides custom engineering design services, a proprietary DataSense IoT monitoring system, rental and refurbished equipment programs, and comprehensive aftermarket services including installation, calibration, validation, and replacement parts. The TPS brands serve industries including defense, aerospace, electronics, biotech, medical, pharmaceutical, lab animal science, energy, transportation, communications, and materials processing.

Differentiator

Problem solved

Functional benefit

Brands

• Blue M: Industrial and laboratory ovens manufacturer producing lab ovens, gravity ovens, mechanical convection ovens, inert gas ovens, Class A/solvent-venting ovens, explosion-resistant ovens, stacked ovens, benchtop ovens, and clean room ovens with temperature ratings up to 1300°F.
• Gruenberg
• Tenney/Lunaire
• Wisconsin Oven
• Lindberg/MPH
• SafeTest
• DataSense

Products and services

• Industrial Ovens Industrial batch, cabinet, conveyor, curing, drying, gravity, inert gas, benchtop, stacked, top-loading, and truck-in ovens for thermal processing applications across aerospace, defense, pharmaceutical, electronics, and manufacturing industries.
• Environmental Test Chambers and Rooms Temperature and humidity test chambers, altitude test chambers, thermal shock chambers, steady state stability chambers, walk-in rooms, vacuum/space chambers, and custom environmental chambers simulating extreme conditions for product testing.
• Pharmaceutical Sterilizers and Dryers Industrial sterilizers, depyrogenation ovens, dry heat sterilizers, granulation dryers, and lab animal science sterilizers ensuring pharmaceutical products and medical devices meet strict sterilization and validation requirements.
• Lab Furnaces Laboratory furnaces including crucible furnaces, lab box furnaces, tube furnaces, and retorts for heat treating, annealing, and laboratory research applications with temperatures up to 1800°C.
• Custom Industrial Ovens and Chambers Custom-engineered ovens and chambers designed to meet unique application challenges including extreme temperatures, humidity, altitude, vacuum testing, and inert atmosphere requirements.
• Rental and Refurbished Equipment High-quality used, refurbished, and rental-returned environmental chambers and industrial ovens available for purchase, monthly rental, or rent-to-own, ranging from $3,958 lab ovens to $99,500 walk-in environmental rooms, with rentals starting at $750/month.
• TPS MAX Aftermarket Services Comprehensive aftermarket services including installation, preventative maintenance, calibration, replacement parts, retrofits, upgrades, validation services, and pre-purchased service/part packages for thermal processing equipment.
• SafeTest Battery Test Chamber Specialized battery test chamber designed for safety testing of batteries under thermal conditions, part of the TPS Innovation Centers offering for new energy and EV applications.
• DataSense IoT Performance Monitoring System IoT-based remote monitoring system providing real-time performance tracking, data logging, and alerts for thermal processing equipment across the TPS installed base.
• Engineering Design Services Custom engineering design services for developing application-specific thermal processing solutions through the TPS Engineering Design Center.

Quantifiable outcome

• Temperature uniformity to +/-5°C on custom composite curing ovens
• +2 more outcomes

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Scale indicators3 records

Recent moves5 records

Expansion highlights6 records

Broad incumbents

• Thermo Fisher Scientific: Through its Thermo Scientific portfolio, Thermo Fisher offers environmental test chambers, stability chambers, and lab ovens for pharma and life sciences. As a global life-sciences giant with far larger R&D and service reach, it competes with TPS's Tenney/Lunaire and Gruenberg lines for regulated pharma and electronics buyers.
• ITW (Illinois Tool Works) – Despatch Industries: ITW's Despatch segment manufactures industrial ovens, process heating equipment, and thermal processing systems. As part of a Fortune 200 diversified industrial conglomerate, Despatch is a well-capitalized incumbent competitor to TPS's industrial oven and curing oven lines.

Direct peers

• ESPEC Corporation: ESPEC is one of the largest global manufacturers of environmental test chambers (temperature, humidity, thermal shock, altitude). It directly competes with TPS's Tenney/Lunaire brand across aerospace, defense, automotive, and electronics customers worldwide.
• BINDER GmbH: BINDER manufactures environmental simulation chambers, drying ovens, incubators, and sterilizers for laboratory and industrial use. It is a direct European-based competitor to TPS's Tenney/Lunaire and Blue M product lines, especially in pharma and biotech.
• Memmert GmbH + Co. KG: Memmert produces laboratory ovens, incubators, climate chambers, and sterilizers — directly competing with TPS's Blue M and Gruenberg lab and industrial oven lines in pharma, research, and industrial QC applications.
• Thermotron Industries: Thermotron designs and manufactures environmental test chambers (temperature, humidity, shock, vibration) primarily for aerospace, defense, and automotive testing. It is a direct, US-based mid-market competitor to TPS's Tenney environmental test chamber business.
• CARON Products & Services: CARON manufactures environmental chambers, photostability chambers, and lab equipment for life sciences, pharma, and industrial customers. It is a direct competitor to TPS's Tenney/Lunaire stability and humidity chamber lines in pharmaceutical and biotech applications.
• Grieve Corporation: Grieve is a US manufacturer of industrial ovens, batch ovens, conveyor ovens, and custom thermal processing equipment. It directly competes with TPS's Gruenberg and Wisconsin Oven brands in industrial batch and conveyor oven applications.
• Sheldon Manufacturing (SHEL LAB): Sheldon Manufacturing (SHEL LAB) makes laboratory ovens, incubators, and environmental chambers. It competes with TPS's Blue M lab oven line and is visible in the refurbished equipment market where TPS also sells SHEL LAB units.
• LEWCO, Inc. LEWCO manufactures industrial batch ovens, conveyor ovens, and process heating equipment for automotive, aerospace, and general industrial applications. It is a direct mid-market competitor to TPS's Gruenberg and Wisconsin Oven industrial oven brands.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/TPSThermalProducts
• Facebookfacebook.com/pages/Thermal-Product-Solutions/306794196091982
• LinkedInlinkedin.com/company/thermal-product-solutions

Compliance14 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries5 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Thermal Product Solutions