Cold Jet embarks on ambitious growth strategy with new product lines

LOVELAND, Ohio—From playing a crucial role in the global distribution of the COVID-19 vaccine to meeting the demands of unprecedented growth in the food home delivery and life sciences market, Cold Jet has taken one more step in its ambitious strategic growth plan.

Cold Jet Oct. 3 acquired Aquila Triventek product lines, making the Triventek portfolio—including low-volume dry ice systems, dry ice blasting systems and CO2 gas recovery systems—part of Cold Jet's offerings.

Along with new product offerings and business opportunities, Cold Jet also welcomes Triventek employees, partners and customers, its more than 40 years of experience in the industry and a shared view of sustainability.

"Cold Jet is currently executing an ambitious and carefully constructed growth strategy and integrating Triventek technology, its people, customer base and market potential could not have come at a better time," said Diego Loaiza, director of Global DIMS Applications for Cold Jet. "Triventek's employees bring extensive knowledge and experience in dry ice technologies and CO2 recovery systems."

Cold Jet and commercial partners around the world will be the exclusive provider of Triventek recovery systems, pelletizers and dry ice blasters. The additional product lines enhance Cold Jet's commitment to offering products and services that build on sustainability.

Loaiza outlined several reasons why Cold Jet was attracted to the acquisition:

• Its product line, culture of innovation and drive to develop environmentally sustainable solutions aligns perfectly with Cold Jet.
• Its offices and manufacturing facilities are located in Denmark and Poland, practically across the street from Cold Jet's.
• Their low-volume dry ice production systems open up Cold Jet's market spectrum to opportunities the company did not have access to before.
• The CO2 recovery systems have the potential to optimize the operations of the entire installed base of Cold Jet customers and competitor customers at a time when liquid CO2 supply has been impacted by global inflation.

"To manufacture dry ice, liquid carbon dioxide is used as a raw material," Loaiza said. "Although this CO2 is recycled from different industrial processes, the process of transforming it into dry ice discards about half of it in the form of gaseous CO2 during the conversion process. The CO2 recovery equipment added to Cold Jet's portfolio is capable of capturing this vented gas, liquefying it and returning it to the pelletizer to be transformed into dry ice."

The technology within the CO2 recovery system from Triventek will enable customers to effectively double the output of solid CO2 (dry ice) with the same input volume of liquid CO2, therefore driving much more efficiency and sustainability in all aspects of their operations with dry ice manufacturing solutions from Cold Jet.

"In other words, they allow you to optimize operations to the maximum, making dry ice production a greener one with minimal raw material waste," Loaiza said. "It's a no brainer from a productivity standpoint, too. With the CO2 recovery equipment, manufacturers can produce the same amount of dry ice by using about half the liquid CO2 to produce the same amount of dry ice, or you can use the same amount of liquid to produce up to 70 percent more dry ice."

Cold Jet plans to offer the new lines both as single products and as packaged solutions.

The company will offer single CO2 recovery systems to customers in its current installed base. At other times, it will offer a pelletizer in conjunction with its CO2 recovery system for the most efficient dry ice production on the market. Another way to offer added solutions may be as a low-volume pelletizer in conjunction with a dry ice blasting machine. There are several industries that can benefit from using Cold Jet's current and expanded lines.

"Our dry ice blasting machines are used in rubber and tire manufacturing, automotive, aerospace, foundry, plastics and composites, mining, power generation and other industries—any industry really, whose productivity can benefit from a faster, more environmentally friendly method of cleaning and maintaining tooling," Loaiza said.

"Our dry ice production equipment benefits those same industries if the volume of dry ice used for cleaning warrants on-site dry ice production," he added. "Likewise, the production of dry ice as a cooling medium benefits the food industry, whether to preserve food during processing or during shipment to the final consumer, the life sciences industry that requires maintaining and transporting life-saving treatments at critical temperatures, and finally the gas industry that supplies dry ice to these industries that require it for cold chain use."

Loaiza also noted that the new CO2 recovery line will make any dry ice production in these industries more sustainable, productive and profitable. On the other hand, the new line of dry ice pelletizers will allow them to serve the countless prospects looking to produce low volumes of dry ice.

"This acquisition is beyond exciting as it enables us to expand upon our value proposition and focus on sustainability with CO2 recovery capabilities that could save dry ice manufacturing systems customers up to 50 percent of their current spend on liquid CO2. Plus, we have Aquila Triventek rock stars joining the Cold Jet family," Loaiza said.

Cold Jet has been providing customers with services such as environmental cleaning, surface preparation and parts finishing systems to global manufacturing industries since 1988. The company also produces systems for the production, metering and packaging of dry ice. Headquartered in Loveland, Ohio, the company has international operations in Europe, Asia, Canada and Mexico. Triventek will bring new business and opportunities in Europe, Scandinavia, South Pacific, Japan, South Africa, Brazil, Canada and Australia.

Aquila Triventek A/S is a medium-sized company that produces specialized high-pressure cleaners and dry ice machines. Headquartered in Norre Aaby on Funen, Denmark, it sells to a wide range of industries throughout the world.