Kaye Scholer Guides American Securities In Unifrax Buy

Law360, New York (November 30, 2011, 3:03 PM EST) -- New York middle-market private equity firm American Securities LLC has acquired industrial insulation manufacturer Unifrax LLC, the companies announced Tuesday.

The transaction closed Monday, and equity was provided from funds managed by American Securities, the companies said. Financial terms of the transaction were not disclosed.

American Securities had previously invested in Unifrax, which makes ceramic fiber insulation products used in high-temperature industrial devices, in 2003. The firm successfully exited its partnership with Unifrax management in 2006, the companies said.

American Securities managing director Marc Saiontz said...
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