March 5, 2024, Hamilton, NJ – Micro-Air, an Innovative Motion Technologies (IMT) company, announced its acquisition of a new facility in Hamilton, NJ. The 20,000 sq ft building provides the capacity to scale all business systems, including enhanced manufacturing processes, order fulfillment, and agile distribution practices to meet the growing needs of its distribution partners, dealers, and direct-to-consumer customer base.

Micro-Air has committed to growing and developing its core product groups and distribution channels. “Maintaining the highest level of manufacturing quality and efficiency has always been our focus,”” said Russ Buzinski, Operations Director. “This expansion will position us to scale the business to meet the demand of our current and future growth.””

Founded in 1983, Micro-Air was acquired by IMT in 2021 and is majority-owned by Cathay Capital, a global private equity firm.

“With more than 35 years of electronics manufacturing and inventive product development it’s the next step of our long-term plans to solidify our standing as a leader in the RV, Marine, and Residential HVAC markets,” said Andy Spaziani, founder of Micro-Air and IMT board member. “This facility will help us strengthen our position as a market leader while enhancing our ability to support all of our customers.”

About Micro-Air
Micro-Air designs and manufactures temperature control systems primarily for applications in the Home, RV and Marine industries. Since its start in 1983 and through its transition to its current manufacturing plant in Allentown, New Jersey, the Company has been a design innovator. The Company maintains unparalleled institutional knowledge of the recreational air conditioning industry. Micro-Air’s mission is to treat its customers and employees like family, and it prides itself on customer service. For more information, about Micro-Air, please visit micro-air.com

About Innovative Motion Technologies
Innovative Motion Technologies (IMT) is a global industrial technology platform and industry-leading designer and supplier of unique interface and controls solutions across a diversified set of market applications. Product lines include motion controls, environmental control solutions, energy efficiency, comfort and massage systems, and power charging. IMT serves a variety of aftermarket and OEM end markets, including motion furniture, marine, industrial, healthcare, HVAC, RV, bedding, hospitality and retail end-market applications. For more information about Innovative Motion Technologies, please visit https://imtbrands.com.

About Cathay Capital Cathay Capital Group
Cathay Capital is a global private equity and venture capital investment firm supporting companies throughout North America, Europe, and Asia. The firm helps middle-market companies and startups navigate the opportunities for growth, international expansion, and sustainable transformation. Cathay is the partner of choice for companies aspiring to lead markets and make a positive impact. Its platform connects people with global reach and local expertise – from investors and entrepreneurs to management teams and leading corporations – to share knowledge, the tools to scale and to transform businesses.

Founded in 2007 with a strong entrepreneurial heritage, Cathay Capital now manages more than $5.5 billion in assets. It has made over 280 investments in verticals including healthcare, technology, and consumer from offices in Paris, New York, San Francisco, Munich, Berlin, Madrid, Shanghai, Beijing, Shenzhen, and Singapore.