Exclusive adviser to Mt. Savage Specialty Refractories Co.
KPMG Corporate Finance LLC acted as exclusive financial adviser to Mt. Savage Specialty Refractories Co., Inc.
KPMG Corporate Finance LLC is pleased to announce the sale of Mt. Savage Specialty Refractories Co., Inc. and its affiliated company Clearfield Mineral Processing, Inc. (collectively, “Mt. Savage” or the “Company”), a leading manufacturer of refractory products and materials for industrial applications, to TRB Refractories, a division of Groupe CB.
Founded in 1975 and based in Pennsylvania, Mt. Savage provides high-quality refractory products including castables, gun mixes, shotcrete, plastics, mortars, and specialty applications. Mt. Savage has built a legacy of innovation and customer satisfaction over its many years of operation. It serves the U.S. and Canadian markets, with a focus on the steel, cement, and high-temperature industries.
“Mt. Savage Specialty Refractories is excited to be joining forces with TRB.” said Mike DeLucia, CEO of Mt. Savage. “Combining the knowledge, technologies and capabilities of our companies will certainly create exciting opportunities for our customers and employees. We are looking forward to a very bright future with our new partners!”
“We warmly welcome Mt. Savage to TRB,” said Bertrand Crepin-Leblond, Managing Director of TRB Refractories. “With a presence in 35 countries, our refractory division continues to grow, and this acquisition marks an important step in expanding our global position in North America and Canada. Together, we will continue to innovate and deliver greater value to our customers.”
About Mt. Savage Specialty Refractories Co., Inc.
Mt. Savage is a leading producer of refractory products and materials for steel, cement, and other high-temperature industrial applications. Mt. Savage creates proprietary products and formulations, often driven by customer requirements and specifications. Headquartered in Ingomar, PA, the Company’s operations are based in Curwensville, PA.
About TRB Refractories
TRB Refractories specializes in the design, manufacturing, and engineering of silico-aluminous refractory solutions for high-temperature industries. Its core markets include steelmaking, ferroalloys, cement, heat treatment furnaces, and foundries. TRB has been a subsidiary of Groupe CB since 1988. The integration of Mt. Savage into TRB Refractories will reinforce the company’s product offering and technical capabilities while creating strong industrial and commercial synergies.
KPMG Corporate Finance LLC
The global Corporate Finance practice of the KPMG International network of independent member firms was ranked number 1 as the top M&A middle market adviser globally by Refinitiv, based on number of completed transactions, for the past 20 years.
Trust KPMG Corporate Finance LLC with your next transaction.
Transactions
KPMG Corporate Finance LLC is a leading global financial advisor. Our transaction experience spans broadly across industries and geographies.
Meet our team
In today’s market, you need an advisor with objective insight at every step of the transaction process. We work with you throughout the full deal cycle to create value and successfully execute your deal strategy.
KPMG CORPORATE FINANCE LLC
Trust KPMG Corporate Finance LLC with your next transaction
The global Corporate Finance practice of KPMG International’s network of independent member firms was ranked as the top (#1) M&A middle-market adviser globally by Refinitiv, based on number of completed transactions, for the past 20 years.