Unifrax Announces Acquisition Deal
Niagara Falls, NY, July 7, 2010 - Unifrax I LLC ("Unifrax"), the Niagara Falls, NY
based manufacturer of ceramic fiber insulation products, announced today that it has
entered into an agreement to acquire Brightcross Manufacturing Ltd. and Brightcross
Insulation Ltd. (together "Brightcross"). Terms of the transaction were not disclosed.
Brightcross is located in Derby, in the United Kingdom. It is the leading supplier of
vacuum formed ceramic fiber products in the U.K. and also does a substantial amount of
export business into the EU. The business has approximately 60 employees who will be
joining the Unifrax European team.
David E. Brooks, Unifrax President and CEO, comments "Brightcross is a business with
a great reputation, a proud heritage and excellent people. We have been a supplier to
them for many years and respect their capabilities. Brightcross will strengthen our
European vacuum forming business and improve our competitive position in the
European market".
Brooks added "This acquisition represents another positive step in the continued
implementation of the long-term growth strategy for our Company". The acquisition is
expected to close in the third quarter.
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 17 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
