Unifrax, a leading global provider of high-performance specialty materials focused on thermal management, emission control, batteries, specialty filtration and fire protection applications and backed by Clearlake Capital Group, L.P., has acquired Rex Materials Group, a manufacturer of engineered thermal components. Financial terms of the transaction were not disclosed.
Rex Materials’ success has been driven by its material technology innovations, custom designed solutions, state of the art manufacturing capabilities, and a talented group of dedicated employees. With over 100 different material solutions, Rex Materials offers a complete suite of consumable, customized shapes designed to meet specific application requirements in a wide range of industries.
“This acquisition represents another step in the continued implementation of our long-term growth strategy and our focus on delivering energy efficient, environmentally friendly solutions around the world,” said John Dandolph, President and CEO of Unifrax. “The addition of Rex Materials expands our portfolio of high temperature engineered thermal components, enhances our overall manufacturing capabilities and supports our mission of creating a ‘Greener, Cleaner and Safer’ world. We are excited to add the Rex Materials team to our global Unifrax family and look forward to working together as we execute our compelling shared growth plan.”
David Rex, President of Rex Materials, added, “Our relationship with Unifrax spans more than 30 years. We’re excited to become part of Unifrax and we are confident that the combination of our two businesses will allow us to accelerate growth and build upon our legacy of customer service, product quality and focused attention to solve customers’ high temperature needs.”
“Unifrax is successfully navigating the current environment, and we remain committed to supporting its strategic initiatives to drive innovation and market leadership,” said José E. Feliciano, Co-Founder and Managing Partner at Clearlake, and Colin Leonard, Partner at Clearlake. “With this acquisition, Unifrax is well positioned to capitalize on the significant demand for high-temperature specialty material systems. We are excited to support the Unifrax management team as they drive consolidation in the industry and accelerate organic growth.”