RISG Announces Acquisitions
March 7, 2005
Refractory and Industrial Supply Group, Inc. (RISG), a subsidiary of Diversified Thermal Solutions, recently announced the acquisition of Freeport Brick Co., Kittanning Brick Co. and Free MaDie Co. The purchase price was undisclosed and secured through traditional bank financing. "We are excited to complete this strategically important acquisition, which furthers our goal of becoming a service driven provider of quality refractory brick," said John Curry of Diversified Thermal Solutions. "The refractory manufacturing facilities will provide Refractory and Industrial Supply Group, Inc. with a complete line of clay and high alumina brick used in the aluminum, cement and lime, iron and steel, and all other pyro-processing industries. Consisting of over 250,000 square feet, the combination of Freeport and Kittanning Brick Companies will give us one of the largest production capacities in North America. We will initially focus on improving plant efficiencies, quality, and brand awareness as we work to secure private labeling opportunities and expand our distribution network."