Stellar Materials Acquires Three Refractories Companies
Stellar Materials Inc. recently announced it has acquired three companies: Stellar Canada Inc. and Refractory Resources Ltd., both headquartered in Burlington, Ontario, Canada; and Cardinal Refractories Inc., headquartered in Fremont, Ohio.
“Combining our resources will benefit the entire group of companies, and will help Stellar continue its growth and expansion as a premier solution provider to the industry,” said David Mintz, president.
The acquisitions are partially a vertical integration, as Stellar Canada has been a strategic partner to and re-seller for Stellar Materials. “A significant benefit of this acquisition is that it provides additional and compatible solutions to our existing markets, creating new opportunities for growth,” said Mintz. “Likewise, the combining of companies is advantageous to the Canadian group as it brings resources that will help foster a quicker market expansion of the unique products that they offer.”
For more information, visit www.stellar.us.