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
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