BGL advises Vesuvius plc on the acquisition of Universal Refractories | News


CHICAGO, 22 December 2021 / PRNewswire / – Brown Gibbons Lang & Company (BGL) is pleased to announce that its customer, Vesuvius plc (Vesuvius), has acquired Universal Refractories, Inc. (UF), a producer of specialty refractories in Pennsylvania. BGL Metals and Metal Processing and Engineering materials the investment banking teams served as exclusive financial advisor to Vesuvius during the acquisition. As previously reported by Vesuvius, the transaction valued Universal at $ 57.1 million on a cash and debt free basis and was funded from Vesuvius internal resources. This transaction highlights the extensive experience of the BGL team with companies operating in the manufacturing and foundry sector.

The investment banking teams of BGL Metals and Engineered Materials were the exclusive financial advisor to Vesuvius.

Founded in 1957 and based in Wampum, Pennsylvania, Universal refractories manufactures specialized refractory performance solutions for the steel and foundry industries. The company operates two facilities at Pennsylvania comprised of over 240,000 square feet of production and warehousing space.

UK based Vesuvius plc is a global leader in molten metal flow engineering and technology, primarily serving the steel and foundry industries. The company’s North American operations include facilities across the United States, as well as Canada and Mexico. CEO Patrick André commented on the acquisition: “Universal is a strategically important acquisition for Vesuvius, which significantly expands Vesuvius’ North American presence among electric arc furnace steel producers in our core area of ​​steel basket applications. , while also strengthening our foundry activity. “

About Brown Gibbons Lang & Company

Brown Gibbons Lang & Company (BGL) is a leading independent investment bank and financial advisory firm focused on the global middle market. The firm advises private and public companies and private equity groups on mergers and acquisitions, capital markets, financial restructurings, valuations and opinions, and other strategic matters. BGL has investment banking offices in Chicago, Cleveland, and Philadelphia cream, and real estate agencies in Chicago, Cleveland, and San Antonio. The company is also a founding member of Global M&A Partners, enabling BGL to serve clients in more than 30 countries around the world. Securities transactions are conducted through Brown, Gibbons, Lang & Company Securities, Inc., a subsidiary of Brown Gibbons Lang & Company LLC and a registered broker and member of FINRA and SIPC. For more information, please visit

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