American Securities
English
  • English
  • 美安盛
    • Back
    • 美安盛
    • 投资理念
  • 合作伙伴
    • Back
    • 合作伙伴
    • 概观
    • 故事
  • 投资公司
  • 案例分析
  • 团队
    • Back
    • 我们的团队
    • Extended Network
  • Citizenship
    • Back
    • Citizenship
    • Environmental, Social & Governance
    • Diversity, Equity & Inclusion
    • Giving Back
  • 新闻
    • Back
    • Press Releases
    • Articles
    • Videos
back to news

September 10, 2003

American Securities Capital Partners Completes Acquisition of Unifrax

American Securities Capital Partners (ASCP), the New York private-equity investment firm, announced today it had completed the acquisition of Unifrax Holding Co., a leading global manufacturer of ceramic fiber insulation products used in many high-temperature industrial applications.

Terms of the transaction were not disclosed. ASCP said Unifrax management would continue to have a significant ownership interest in the company.

Through its operating subsidiary, Unifrax Corporation, the company has 12 manufacturing facilities in the United States, Europe, Asia and Latin America and employs approximately 1,100 people worldwide. Unifrax, based in Niagara Falls, had sales of more than $150 million last year.

When ASCP's agreement to acquire the company was announced in August, Managing Director Paul Rossetti said Unifrax was "exactly the type of business ASCP likes to invest in - profitable with a strong management team and outstanding growth prospects."

ASCP acquired Unifrax from Kirtland Capital Partners, a private-equity firm in Willoughby Hills, Ohio, which had owned the company since 1996.

William P. Kelly, president and chief executive officer of Unifrax Corporation, commented, "Kirtland Capital has been a great partner the past seven years. We look forward to a similar relationship with ASCP. They are very enthusiastic about the future prospects of our business. We look forward to working with them."

American Securities
  • 投资人登陆
  • 联系我们
  • 网站索引
  • 使用条款
  • Sfdr
© 2023 American Securities. All Rights Reserved. a FINE site.
Close Modal