American Securities Completes Acquisition of Unifrax
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 management.