American Securities LLC recently announced that, in partnership with company management, it has completed its acquisition of Unifrax I LLC. American Securities previously invested in Unifrax in 2003 and successfully exited its partnership with management in 2006.
“We have remained friends with Unifrax’s management team since we exited our original investment,” said Marc Saiontz, a managing director of American Securities. “There continues to be a growing need for energy efficiency, as well as increasingly tighter emission regulations and stricter fire-protection requirements throughout the world. We believe Unifrax is well-positioned to benefit from these global trends and is poised for continued growth. Unifrax was in 2003 and remains today exactly the type of business American Securities likes to invest in-a market leader in a stable demand industry with outstanding growth prospects and a strong management team led by David Brooks.”
“We are very enthusiastic about the future of our business,” said David E. Brooks, president and CEO. “Re-establishing our relationship with American Securities is another positive step in the continued implementation of Unifrax’s long-term growth strategy. We are excited about working together again as we continue to expand our business.”
For more information, visit www.unifrax.com