Clearlake-backed Unifrax Acquires Stellar Materials (Thermbond)

Druid Capital Partners Acquires Thermex-Thermatron

July 1, 2023

Manufacturing

Druid Capital Partners has completed the acquisition of Thermex-Thermatron, a long-established manufacturer of high-power industrial RF and microwave heating systems, partnering with Thermex management led by President/CEO Ray Lund. The transaction provides liquidity to existing shareholders and positions Thermex to pursue growth opportunities while continuing to serve global customers across automotive, medical and packaging markets.

Clearlake Capital Acquires BBB Industries from Genstar Capital

July 28, 2022

Manufacturing

Clearlake Capital Group has acquired a majority stake in BBB Industries, a sustainable manufacturer of automotive, industrial and renewable energy parts, with Genstar Capital retaining a minority investment and BBB management staying on. The transaction positions Clearlake to expand BBB's platform and capabilities — including its TerrePower division focused on upcycling EV batteries and renewable energy — to drive further growth across automotive and broader industrial and energy end markets.

Saint-Gobain Ceramics Acquires Monofrax

April 22, 2022

Manufacturing

Saint-Gobain Ceramics (part of Saint-Gobain) has acquired Monofrax LLC, a fused-cast refractories manufacturer in Falconer, New York, from German fund Callista. The deal expands Saint-Gobain’s refractory manufacturing footprint and capabilities to better serve local customers and support co-development of low‑carbon and circular solutions for glass, metals and other high‑temperature industries.

DalFort Capital Partners (via Key Polymer) Acquires Unichem, Inc.

October 14, 2021

Manufacturing

DalFort Capital Partners, through its affiliate Key Polymer Holdings, LLC (Key Polymer), has acquired Unichem, Inc., a Haw River, North Carolina-based manufacturer of specialty adhesives and custom-formulated chemicals. The acquisition is an add-on to Key Polymer intended to create operational synergies and strengthen the combined companies' position across multiple end markets including automotive, construction and consumer products.

Unifrax (Clearlake-backed) Acquires Lydall, Inc.

October 8, 2021

Manufacturing

Unifrax, a Clearlake Capital-backed specialty materials platform headquartered in Tonawanda, New York, has completed its acquisition of Lydall, Inc., a Manchester, Connecticut-based designer and producer of specialty filtration materials and advanced material solutions. The transaction combines complementary product portfolios and global footprints to create a market-leading specialty materials platform focused on filtration, thermal management, battery materials and energy-saving technologies.

Unifrax (Clearlake-backed) Acquires Rex Materials Group

July 2, 2020

Manufacturing

Unifrax, a Clearlake Capital-backed global provider of high-performance specialty fibers and inorganic materials, has acquired Rex Materials Group, a Howell, Michigan-based manufacturer of engineered thermal components. The acquisition expands Unifrax's portfolio of high-temperature engineered components, enhances manufacturing capabilities and supports the company's global growth strategy; financial terms were not disclosed.