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Press Release

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:

Caroline Hughes
Unifrax Limited (UK)
Mill Lane
Rainford, St. Helens
Merseyside
44 (0) 1744 887631

 
 
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