Dimplex buys majority stake in Thermofilm

Glen Dimplex Australia has acquired a majority stake in Dandenong South-based Thermofilm.

GDA is the part of Glen Dimplex Group, which is headquartered in Dublin and specialises in heating and renewable energy systems. 

Thermofilm will continue as a standalone trading entity for the next two years, with GDA having an option to acquire the remaining stake after that.

Local Dimplex CEO Dave Woodward said there were synergies between the two companies and their product portfolios, with GDA aspiring to make outdoor as well as indoor products.

“The market leading technologies that Thermofilm have developed over several decades, coupled with their premium positioning, complements our existing brands very well,” he said in a statement. 

“We will now be able to expand our offering to retail partners, specifiers and architects and volume home builders to include the outdoor room.”

Thermofilm makes heating products and its patented Crossray infrared BBQs, which won a Good Design Award in 2018.

The company was established in 1988 by Robert Reynolds to manufacture heating products with “a thin film carbon-based heating element, hence the name Thermofilm,” its website explains. It won the Manufacturer of the Year (Small Business category) at the 2014 Victorian Manufacturing Hall of Fame Awards.  

It exports its Australian-made outdoor electric radiant heaters around the world.

Picture: Thermofilm Australia/Linkedin

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