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BGL Advises Vesuvius on the Acquisition of Universal Refractories.

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Vincent

MANews-(C)2009-2021

US-based financial advisor Brown Gibbons Lang and Company client, UK-based molten metal flow engineering and technology company Vesuvius plc (LSE: VSVS), has acquired Pennsylvania, US-based specialty refractory producer Universal Refractories, Inc., the firm said.

BGL's Metals and Metals Processing and Engineered Materials investment banking teams served as the exclusive financial advisor to Vesuvius on the acquisition.

Vesuvius said the transaction valued Universal at USD 57.1m on a cash and debt-free basis and was funded from Vesuvius' internal resources.

Founded in 1957 and based in Wampum, Pennsylvania, Universal Refractories manufactures specialty refractory performance solutions for the steel and foundry industries.

The company operates two facilities in Pennsylvania consisting of more than 240,000 square feet of production and warehousing space.

UK-based Vesuvius plc is in molten metal flow engineering and technology principally serving the steel and foundry industries.

The company's North American operations include facilities across the US, as well as in Canada and Mexico.

Brown Gibbons Lang and company is an independent...

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