Vesuvius plc Acquires Universal Refractories, Inc.
December 22, 2021
Vesuvius plc has acquired Universal Refractories, Inc., a specialty refractory manufacturer based in Wampum, Pennsylvania, in a transaction valued at $57.1 million on a cash- and debt-free basis. The deal, funded from Vesuvius' internal resources, expands Vesuvius' North American presence among electric arc furnace steel producers and strengthens its Foundry business.
- Buyers
- Vesuvius plc
- Targets
- Universal Refractories, Inc.
- Industry
- Manufacturing
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
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