Unifrax Acquisition Complete
September 17, 2003
American Securities Capital Partners, L.P. (ASCP) has completed its acquisition of Unifrax Holding Co., a leading global manufacturer of ceramic fiber insulation products used in many high-temperature industrial applications. Terms of the transaction were not disclosed. ASCP said Unifrax management would continue to have a significant ownership interest in the company. Through its operating subsidiary, Unifrax Corp., the company has 12 manufacturing facilities in the U.S., Europe, Asia and Latin America and employs approximately 1100 people worldwide. Unifrax, based in Niagara Falls, N.Y., had sales of more than $153 million last year.