American Securities LLC announced that, in partnership with the company management, it has completed the acquisition of Niagara Falls, N.Y.-based Unifrax I LLC, a global manufacturer of ceramic-fiber insulation products used in many high-temperature industrial applications. American Securities previously invested in Unifrax in 2003 and successfully exited its partnership with management in 2006. According to American Securities, Unifrax is a market leader in a stable demand industry with outstanding growth prospects and a strong management team.
Unifrax employs more than 2,000 people worldwide and has 25
manufacturing facilities across 11 countries servicing customers in more than
80 countries. In July, Unifrax acquired U.K.-based Saffil, a company that
manufactures and sells innovative, high-temperature polycrystalline wool
materials to a global customer base through its two main business units: Saffil
Automotive and Saffil Fiber. Terms of the transaction were not disclosed.
Equity was provided from funds managed by American Securities and from
American Securities Completes Acquisition of Unifrax
December 1, 2011