In 1985 Inductotherm Industries acquired four induction heating businesses from ACEC, including Elphiac ( Herstal, Belgium, joint company with Philips ).
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Today, there are more than 27, 000 Inductotherm induction melting installations worldwide and they account for more than half of the melting systems in the world today.
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Expanding from this first induction furnace Rowan created Inductotherm Industries Inc . which has since grown to include 80 subsidiaries throughout North America, South America, Europe, India, Asia and Australia.
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And in 1992, it received the largest gift ever given to a public institution : $ 100 million from Henry M . Rowan, chairman and founder of Inductotherm Industries, which makes industrial furnaces.
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Rowan left Ajax and decided to start his own company, Inductotherm Corp . Mr . Rowan designed and built his first induction furnace in his home's garage in 1953 with the help of his wife.
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