CDI Energy Products, LLC, a global leader in high-performance polymer product manufacturing, announced the acquisition of EGC Enterprises, Inc., a leading producer of graphite-based sealing products with locations in Ohio and North Carolina. The desired result of this acquisition will present an exciting opportunity to increase the global reach, operational expertise, and diverse array of services available to CDI and EGC’s customers worldwide. The transaction officially closed on January 31st.
“We see synergy within our two businesses and the chance to deliver greater value to our customers around the globe. EGC shares CDI’s commitment to safety and quality, and we look forward to driving innovation through future collaborative opportunities,” says Clint Metcalf, CDI President.
The acquisition of EGC fits into CDI’s strategy to expand its market share in industries with growing demand including power generation, general industrial, aerospace and defense, and water treatment while enhancing its flexible graphite capabilities. By acquiring EGC, CDI will aim to consolidate its graphite-based manufacturing and production, add more production capacity in its locations in Houston and Singapore, and expand its robust product line to include thermal management capabilities.
Hugh Slater, CEO of EGC commented, “As we continue to support our clients with best-in-class safety, quality, and service and offer our employees a fantastic place to work and further their careers, we are thrilled to start this new chapter with CDI. We will be able to elevate EGC to a whole new level with the support of CDI’s integrity, experience, and industry knowledge.”
Per the terms of the acquisition, EGC will integrate CDI’s Safety, Sustainability, and Continuous Improvement Programs while continuing to operate as EGC Enterprises, Inc.
Citizens Bank served as the exclusive financial adviser to EGC during the acquisition process.
About CDI Energy Products
CDI Energy Products is a Michelin Group Company with locations serving North America, Europe, the Middle East, and Asia-Pacific. We are a global leader in high-performance polymer products to the energy industry and beyond. Our in-house engineering, material development, and manufacturing capabilities offer us full vertical integration from raw materials to finished products. Our products are engineered by a highly trained staff of engineers working side by side with our Material Science team. Our engineered materials are developed and tested on-site. We service oil and gas, liquid natural gas (LNG), cryogenics, wind and renewable energy, water management, fluid handling, automotive, aerospace and defense, medical and biomedical, refining and petrochemical, industrial processing, power generation, and semiconductor markets. For more information about CDI Energy Products, visit www.CDIproducts.com.
EGC Enterprises, Inc. is a leading producer of graphite-based sealing products. The company provides highly engineered, customized products for use in fluid sealing, on-highway and off-highway exhaust emissions, aerospace, and thermal management applications, with customers throughout the United States, and internationally. EGC has been an industry leader in the market with high-temperature, high-pressure engineered solutions since 1978. For more information about EGC, visit www.egcgraphite.com.