Clearlake Capital to Acquire Unifrax from American Securities
Headquartered in Tonawanda, N.Y., Unifrax serves more than 4,000 customers through a global footprint of 31 plants across 12 countries.
American Securities LLC and Clearlake Capital Group, L.P. recently announced that Clearlake has partnered with management and signed a definitive agreement to acquire ASP Unifrax Holdings, Inc. from affiliates of American Securities. Financial terms of the transaction were not disclosed.
“Unifrax continues to transform the way organizations save energy, reduce pollution and improve fire safety,” said John Dandolph, president and CEO of Unifrax. “We appreciate our long-term partnership with American Securities and thank them for their support. We are excited to partner with Clearlake, which shares our strategic vision to drive growth by investing in our extensive product portfolio while accelerating our pace of technological innovation to make the world greener, cleaner and safer.”
“We are thrilled to add Unifrax to our portfolio of growing, market-leading industrial businesses,” said José E. Feliciano, co-founder and managing partner of Clearlake. “With its leading market position, high-quality products and commitment to innovation, Unifrax has built an impressive, blue-chip customer list. We look forward to partnering with John, his stellar management team and the broader Unifrax organization as we accelerate the company’s compelling growth plan focused on the highest quality and sustainable product offerings.”
Headquartered in Tonawanda, N.Y., Unifrax serves more than 4,000 customers through a global footprint of 31 plants across 12 countries. For more information, visit www.unifrax.com, www.clearlake.com or www.american-securities.com.