Unifrax Announces Alfatec Acquisition (posted 8/25/09)
Unifrax I LLC recently announced that it has acquired, through its UK-based Unifrax Europe Holdings Limited (UEHL) subsidiary, Alfatec Feuerfest-Faser-Technik Gesellschaft m.b.H and its sister company, Alfatec Feuerfest-Vertrieb Gesellschaft m.b.H (Alfatec). Terms of the transaction were not disclosed.
Alfatec is located in Unterwölbling, Austria, (about an hour from Vienna) and is a manufacturer of vacuum-formed shapes and other fabricated products made from ceramic and other fibers. The business has approximately 27 employees who will be joining the Unifrax European team. Alfatec also has an ownership position in a joint venture company in China called Alfiso that will be a part of the Unifrax acquisition. Alfiso is located in Tianjiin, China, and its main business is the vacuum forming of ceramic fiber shapes.
Johann Haberreiter, the former owner of Alfatec, founded the business in 1986. He has joined Unifrax as an employee and will help to drive the continuing growth of Unifrax’ value-added shapes business.
“We are pleased to add Alfatec to our European manufacturing portfolio,” said David E. Brooks, Unifrax president and CEO. “The business has excellent manufacturing capabilities and strong customer relationships. And the Alfiso joint venture is well-located to support our growth initiatives in the Chinese market and surrounding region.
“This acquisition represents another positive step in the continued implementation of the long-term growth strategy for our company and will strengthen the competitive position of Unifrax in Europe and, through the Alfiso join venture, in the high-growth Chinese market.”
Visit www.unifrax.com for additional information.