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Unifrax I LLC recently announced that it has entered into an agreement with Union Lesni Brana, a.s. (ULB) to acquire the ceramic fiber business of Keraunion a.s., its wholly owned subsidiary company. Terms of the transaction were not disclosed. Keraunion is located in Dubi, near Prague in the Czech Republic. It is the leading supplier of ceramic fiber products in the Czech Republic and also does a substantial amount of export business into the EU. The business has approximately 100 employees who will be joining the Unifrax European team.
“Keraunion is a company with a great reputation, a proud heritage and excellent people,” said David E. Brooks, Unifrax president and chief executive officer. “In addition to its strong market position in the Czech Republic, the business has excellent manufacturing and fabrication capabilities. It is also well located to support our growth initiatives in the Eastern European region.”
Unifrax is owned by the international private equity investment firm AEA Investors LLC and Unifrax management. Additional information is available at www.aeainvestors.com.