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MEGTEC purchases intellectual
property of Ross Air Systems

Under a crucial deal, MEGTEC Systems has purchased the intellectual property rights of the former Ross Air Systems Inc, based in New Jersey. The company manufactured complete web process lines including industrial dryers and ovens, coaters, material handling equipment, air pollution control and heat recovery equipment. MEGTEC will now be supporting former Ross Air Systems’ customers with service, spare parts, and engineering services.

Ross Air Systems originally filed for Chapter 11 bankruptcy in May 28, 2008 and the case was later converted to a Chapter 7 liquidation filing on December 15, 2008. The company’s assets were then scheduled for auction based on a December 31, 2008 ruling from the US Bankruptcy court.

MEGTEC Systems is one of the world’s leading suppliers of industrial dryers and ovens, VOC oxidation equipment, solvent recovery and distillation systems, heat recovery systems, web handling and other equipment for coating, packaging, converting and other process markets.

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