25 Jun Stellar Materials, LLC is pleased to announce its acquisition by Unifrax
Stellar Materials, LLC is pleased to announce its acquisition by Unifrax.
Unifrax is a global leader in high performance specialty fibers and inorganic materials used in high temperature industrial, filtration, battery and fire protection applications that save energy, reduce pollution, and improve fire safety. The Company has 31 manufacturing facilities in the United States, Europe, the Middle East, Russia, Asia, South Africa and Latin America and employs approximately 2,300 people worldwide. More information is available at www.unifrax.com.
“This acquisition represents another positive step in the continued implementation of our long-term growth strategy and our focus on delivering energy efficient, environmentally friendly solutions that protect people and products around the globe,” said John Dandolph, President and CEO of Unifrax. “The addition of Stellar and the Thermbond® brand expands our portfolio of solutions in high temperature applications, enhances our overall manufacturing capabilities and supports our mission for a ‘Greener, Cleaner and Safer’ world. We are excited to add the Stellar team to our global Unifrax family and to work together as we execute on our compelling combined growth plan.”
Through its proprietary and growing portfolio of Thermbond® products, Stellar offers a complete suite of engineered formulations that delivers superior performance in support of the maintenance and repair of critical industrial equipment across the world. With a highly proprietary chemistry portfolio, Stellar adds tremendous value to its customers as the industry leading provider of fast dry-out and heat-up formulations that significantly reduce downtime.
David Mintz, President of Stellar, added “We’re thrilled to become part of the Unifrax growth story and we are confident the combination of our two businesses will allow us to grow and build upon our legacy of customer service, product quality and focused attention to solve customers’ greatest refractory challenges.”
Check out the full press release here.
If you have any questions, please reach out to your local Thermbond advisor.