Unifrax Announces Completion of Acquisition
Niagara Falls, NY, September 13, 2010 - Unifrax I LLC ("Unifrax"), the Niagara Falls, NY based manufacturer of ceramic fiber insulation products, announced today that its
U.K. subsidiary, Unifrax Limited, has completed the previously announced acquisition of
Brightcross Manufacturing Ltd. and Brightcross Insulation Ltd.(together "Brightcross").
Brightcross, located in Derby, in the United Kingdom, was established by Principals
David Gill, Phil Hodgson and James Corbett in 1982. It is the leading supplier of vacuum
formed ceramic fiber shapes in the U.K. and also does a substantial amount of export
business into the EU. They produce over 2000 different products and are a major supplier
to the European Foundry and Domestic Appliance Markets. Messrs. Gill, Hodgson and
Corbett will continue to be associated with the business in a consulting capacity.
David E. Brooks, Unifrax President and CEO, comments "Brightcross is an innovative
company with a solid reputation, a proud heritage and excellent people. David, Phil and
James and the Brightcross employee team have done a great job growing the business.
We plan on investing in the business and continuing to build on that track record of
growth. The acquisition of Brightcross strengthens our European vacuum forming
business and improves our competitive position in the European market".
Brightcross has approximately 60 employees who have joined the Unifrax Europe
Operations team. Terms of the transaction are confidential.
Unifrax I LLC is a leading global supplier of insulation products that are used in many
high-temperature industrial, automotive and fire protection applications. The Company
has 18 manufacturing facilities in the United States, Europe, Asia and Latin America and
employs approximately 1,300 people worldwide.
For Further information, contact:
Virginia Cantara
Unifrax I LLC
2351 Whirlpool Street
Niagara Falls, NY 14305
(716) 278-3832
