Ceramic Industry

AEA Investors Completes Acquisition of Unifrax (5/3/06)

May 3, 2006
Affiliates of AEA Investors LLC (AEA), the New York and London-based private-equity investment firm, have completed the acquisition of ASP Unifrax, Inc. along with its operating company subsidiary, Unifrax Corp., a leading global manufacturer of ceramic fiber insulation products used in many high-temperature industrial applications. Terms of the transaction were not disclosed. Unifrax management will continue to have a significant ownership interest in the company.

Unifrax Corp. based in Niagara Falls, has 13 manufacturing facilities in the United States, Europe, Asia and Latin America and employs approximately 1100 people worldwide. The company had sales of more than $220 million last year.