AMCOL International Minerals Subsidiary Announces Acquisition Of FNG Industries

21-Jun-2002
ARLINGTON HEIGHTS, ILL., June 19, 2002 - AMCOL International Corporation today announced it has acquired FNG Industries, a producer of ferrosilicon and carbon/silicon bricks and briquettes located in New Haven, W.Va. FNG also produces a ladle Flux for use in iron foundries from its Waukesha, Wis., operation. Gary Morrison, American Colloid president, said, "FNG's products will carry American Colloid Company's Metalcasting Products Group into a new direction within the foundry, bringing products for use in the melting departments as well as the products for molding operations which we already offer. The technical expertise of FNG's staff will support the strategic growth objectives of our company. American Colloid expects to grow FNG's current business throughout the markets currently served by our existing facilities." Larry Washow, AMCOL president and chief executive officer added, "This acquisition provides another opportunity for our mineral segment to bring value to our customers and strengthen our position in the foundry market. We believe this product extension and the strength of FNG's management will complement our existing Metalcasting Products Group."

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