What Therm-Tec does

Therm-Tec, founded in 1973 and headquartered in Sherwood, United States, designs and builds cremation and waste incineration systems serving funeral homes, crematories, municipal and industrial waste operators, and pet cremation service providers. Its core technology portfolio centers on the M-Pyre Cremation Technology platform and the MPYRE® 3 Advanced Cremation Control System, supplemented by engineered systems and energy recovery / emission abatement solutions that enable energy-from-waste capabilities. The company emphasizes environmental performance compliance, with ISO-9001 certification supporting its positioning in regulated combustion markets.

Therm-Tec operates as a brand under Matthews Environmental Solutions, a subsidiary of publicly traded Matthews International (NASDAQ: MATW), following a 2021 partnership that combined Therm-Tec's 50-year product heritage with Matthews' global sales and service infrastructure. The business generates revenue through two primary streams: equipment sales (human cremation, pet cremation, waste incineration, and engineered systems) and recurring service programs (on-call field service, preventive maintenance, VIP Care Service Plans, and cremation technical support). Go-to-market is executed via Matthews Environmental Solutions' enterprise field sales organization, a US sales representative network, and the Cremation Marketplace online platform.

The company claims 5,000+ installations across 50-70 countries spanning all seven continents and over one million cremations performed worldwide. With 11-50 employees, Therm-Tec is lean, relying on Matthews' broader organizational scale for global field service coverage. Marketing is conducted through a multi-language digital platform (English, Spanish, French) and direct enterprise sales, with the brand now operating as "Therm-Tec Powered by Matthews."

Name

Therm-Tec

Legal name

Matthews Environmental Solutions

Website

https://thermtec.com

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

11–50 employees

Short description

Therm-Tec, founded in 1973, designs and builds cremation and waste incineration systems, serving funeral homes, crematories, municipal/industrial waste operators, and pet cremation providers. Operating as a brand under Matthews Environmental Solutions (a Matthews International subsidiary), it sells equipment plus recurring service programs globally.

Ownership category

akta.pro rank

Product category

Cremation and Waste Incineration Equipment

NAICS

Commercial and Service Industry Machinery Manufacturing (333310), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414), Power Boiler and Heat Exchanger Manufacturing (332410)

SIC

Industrial Process Furnaces & Ovens (3567)

akta.pro primary industry

Hazardous & Medical Waste Incineration (Specialty Thermal Treatment) (EUAAAKAD)

akta.pro secondary industries

Hazardous Waste Incineration & Thermal Desorption (BPALAFAC), Waste Heat Recovery & Heat Integration (HRSG/ORC, Pinch Analysis, Heat Exchangers) (EUABAJAF)

Keywords

• Cremation equipment
• Waste incineration systems
• Human cremation systems
• Pet cremation equipment
• Combustion technology

Headquarters

HQ city

Sherwood

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Equipment Sales: Sale of cremation and waste incineration equipment including engineered systems for human cremation, pet cremation, and waste incineration applications
2. Service Programs: On-call field service, preventive maintenance programs, VIP Care Service Plans, and cremation technical support

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Core offering

Therm-Tec designs, engineers, and manufactures cremation and waste incineration equipment, including human cremation systems, pet cremation systems, and engineered waste incineration solutions. The portfolio is built around M-Pyre Cremation Technology and the MPYRE® 3 Advanced Cremation Control System, complemented by energy recovery and emission abatement solutions. The business is supported by global on-call field service, preventive maintenance, and VIP Care Service Plans delivered through Matthews Environmental Solutions.

Product overview

Therm-Tec is a cremation and waste incineration technology company that has partnered with Matthews Environmental Solutions, a global industry leader founded in 1946. The product portfolio includes Therm-Tec's core cremation and incineration technology, complemented by Matthews' M-Pyre Cremation Technology and MPYRE® 3 Advanced Cremation Control System. The offering spans human cremation equipment, pet cremation equipment, waste incineration systems, and engineered systems, all supported by a Cremation Marketplace platform. Energy recovery solutions provide additional value for combustion equipment. The portfolio represents a unified platform-plus-modules architecture where Therm-Tec technology serves as the foundation, augmented by Matthews' control systems and service infrastructure.

Differentiator

Problem solved

Functional benefit

Products and services

• Cremation Systems Best-in-class cremation systems engineered for human cremation, delivered with environmental performance compliance and global service support through Matthews Environmental Solutions.
• Waste Incineration Equipment Engineered waste incineration systems for medical, industrial, and municipal waste, designed for efficiency, reliability, and environmental performance compliance.
• Human Cremation Equipment Crematory equipment and systems for funeral homes, crematories, and death care service providers performing human body cremation.
• Pet Cremation Equipment Equipment and systems designed for pet cremation service providers handling companion animal cremation.
• Engineered Systems Custom engineered systems for cremation and waste incineration applications, designed to customer specifications.
• Energy Recovery Solutions Energy recovery and emission abatement solutions for combustion equipment that enable energy-from-waste capabilities.
• Cremation Marketplace Online marketplace platform offering cremation-related products and services to enterprise cremation customers.
• On-Call Field Service On-call field service program for cremation and incineration equipment, delivered by a global service team capable of servicing any make or model.
• Preventive Maintenance Scheduled preventive maintenance programs for cremation and waste incineration equipment to ensure reliable operation.
• VIP Care Service Plans Premium service plans providing enhanced coverage and support for cremation and incineration equipment customers.
• Cremation Technical Support Technical support services for cremation operators, including access to My Mpyre™ customer portal resources.

Quantifiable outcome

• 5,000+ installations globally with 1,000,000+ cremations performed

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Matthews Environmental SolutionscoreStrategic or Co-development PartnerTherm-Tec joined forces with Matthews Environmental Solutions to bring Therm-Tec technology and service backed by the resources of a global industry leader. This partnership combines Therm-Tec's long-standing products with Matthews Environmental's global service team. The partnership expands product offerings and provides backing for Therm-Tec's existing products while leveraging Matthews' established global presence with over 5,000 installations in 70+ countries.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Stericycle Inc. Large regulated waste management provider with medical-waste incineration and treatment services; an incumbent operating in the same medical/industrial waste-incineration end-market as Therm-Tec's waste business.
• Covanta Holding Corporation: Large publicly-traded operator of waste-to-energy facilities with proprietary combustion technology and energy-recovery infrastructure; a broader incumbent in adjacent waste-incineration and energy-from-waste markets.
• Clean Harbors Inc. Publicly-traded environmental services company with hazardous-waste incineration, treatment, and disposal operations; comparable to Therm-Tec's waste-incineration segment for medical and industrial waste streams.
• Matthews International Corporation: Publicly-traded parent company of Matthews Environmental Solutions (NASDAQ: MATW). Operates broader industrial and memorialization businesses; provides capital, distribution, and service infrastructure underlying Therm-Tec's go-to-market.

Direct peers

• Matthews Environmental Solutions: Parent organization of Therm-Tec and itself a manufacturer of cremation and waste incineration systems with overlapping product portfolio (M-Pyre, MPYRE 3). Effectively the most directly comparable entity, with shared R&D, sales force, and service network.
• Furnace Engineering Inc. Custom industrial furnace and cremation equipment manufacturer serving funeral service and industrial thermal-processing customers; directly comparable in engineered thermal equipment with similar engineering-driven sales motion.
• Vulcan Industries: Manufacturer of cremation equipment and related industrial thermal processing systems with comparable product offering to Therm-Tec's cremation line, serving funeral homes and crematories.
• Cremation Solutions Inc. U.S.-based cremation equipment manufacturer supplying crematories and funeral homes; competes head-to-head in human cremation equipment and shares Therm-Tec's core customer base of funeral service providers.
• Westech Engineering Inc. Manufacturer of industrial thermal-processing equipment including waste incineration systems; overlaps with Therm-Tec's engineered-systems and waste-incineration lines for municipal and industrial customers.

Emerging players

• BioSAFE Engineering: Manufacturer of alkaline hydrolysis (aquamation) equipment — an emerging water-based cremation alternative. Represents the principal disruptive alternative to flame cremation that could erode Therm-Tec's core TAM over time.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Therm-Tec