Published on October 6th, 2017 | By: Faye Oney0
Allied Mineral Products purchases Riverside RefractoriesPublished on October 6th, 2017 | By: Faye Oney
It’s a marriage of two ACerS corporate partners.
In an effort to expand its manufacturing presence in the southeastern part of the United States, Allied Mineral Products recently purchased Riverside Refractories, a refractory products provider headquartered in Alabama. The purchase will enable Allied to increase sales in the steel sector as well as expand product lines, particularly with Riverside’s taphole clay products.
“Riverside is a natural to join the Allied family,” Jon R. Tabor, chairman and CEO of Allied, says in a press release on the company’s website. “They have outstanding products, expertise in the manufacture of taphole clays, a skilled workforce, and an employee-driven culture that is a perfect fit with Allied’s.”
Allied Mineral Products is a global producer and supplier of large refractory products. Riverside Refractories, originally a clay supplier, provides refractory products, including castables, lightweight refractories, and its signature anhydrous taphole clay products.
“In addition to a number of excellent products from Riverside, the taphole clay product line is a key addition to Allied’s product lineup,” William M. Opatt, Allied’s marketing manager and business manager of international sales writes in an email. “It broadens our product offerings to the steel industry, and we are especially excited to introduce the taphole clay product line to international markets through our global sales network.”
The sale will not only strengthen and enhance Allied’s product line, but will benefit clients of both companies in the long run. Earlier this year, Allied completed the purchase of Pryor Giggey, another refractory company located in Alabama.
“As the marketplace continues to be more competitive, we realized we needed to align with a strong company to ensure we could continue to serve our customers and provide security for our employees,” John Morris, Riverside’s president adds in the release. “With this sale, we know our customers and employees will benefit, and that was very important to us.”
Allied, headquartered in Columbus, Ohio, currently has 12 manufacturing facilities located in eight countries. Riverside has a manufacturing plant located at its headquarters in Pell City, Ala., and another manufacturing facility located in Ontario, Canada.
“The Morris family has been a force in the refractory industry for over 60 years,” Tabor adds. “We have great respect for what they have achieved at Riverside. There is great value in the brand and in the name, and we look forward to carrying on their tradition of great products and customer service.”
We at ACerS wish both companies a successful transition—and especially, a profitable future.
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