Aspen Pumps Expanded Manufacturing Footprint
Aspen Pumps Group has acquired three firms to scale its refrigeration expertise and global manufacturing capacity.
Updated on Oct. 5, 2026 in Manufacturing
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Aspen Pumps Group has completed the acquisition of Henry Group Industries, RubberGreen, and Forming Tubing. This move aims to deepen the company's refrigeration expertise while expanding its manufacturing capabilities and global market footprint.
Why it matters
Consolidating specialized manufacturing assets allows firms to accelerate speed-to-market and diversify supply chains across key regions like Brazil, Belgium, and Hong Kong. For operators, such integrations often signal a broader industry shift toward specialized refrigeration components.
Aspen Pumps Group added three distinct companies to its portfolio, integrating businesses that have operated since 1914, 1993, and 2009 respectively. The deal terms, including the total valuation of the acquired entities, remain undisclosed.
The players
Aspen Pumps Group
A global manufacturer of condensate removal pumps and accessories for the refrigeration and air conditioning industries.
Henry Group Industries
A long-standing manufacturer of refrigeration components with headquarters in Hong Kong.
RubberGreen
A specialist manufacturer operating research and production facilities in Frameries, Belgium.
Forming Tubing
A Brazil-based manufacturer of tubing and related components with headquarters in Sao Jose dos Campos.
The details
The acquisition integrates specialized refrigeration production across three continents. Henry Group Industries brings a corporate headquarters in Hong Kong, while RubberGreen provides a production facility in Frameries, Belgium. Forming Tubing adds manufacturing operations in Sao Jose dos Campos, Brazil, located 90km from Sao Paulo, to the group's infrastructure.
Timeline
1914: Henry Group Industries was established in the USA.
1993: Forming Tubing was established in Brazil.
2005: Henry Group moved its corporate headquarters to Hong Kong.
2009: RubberGreen was established.
October 2026: Aspen Pumps Group announced the completion of the acquisitions.
Market Landscape
This acquisition follows the broader industry trend of large HVAC component manufacturers consolidating niche suppliers to secure specialized technical capabilities. It reflects a strategic push to gain control over global production facilities as manufacturers seek to secure regional supply chains.
Operators in the refrigeration space should monitor how this consolidation affects component lead times and regional pricing structures. Review existing supplier contracts and determine if your current component vendors are part of larger, shifting manufacturing groups.
The takeaway
Large-scale acquisitions by component manufacturers often signal incoming changes to regional distribution networks and product pricing. Owners should audit their current refrigeration parts suppliers to identify if those companies have been absorbed into larger multinational groups.
Further reading
For more on industry consolidation, visit our Manufacturing section.
Source note: This article includes information reported by Cooling Post.
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