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German-based equipment maintenance group acquires ceramic coating company based in Toronto

Feb. 15, 2017 - German-based equipment repair and maintenance company Castolin Eutectic Group has announced the acquisition of Furnace Mineral Products (FMP), Inc. a privately owned ceramic coating corporation based in Toronto. FMP specializes in the research, development, manufacture and field application of innovative, inorganic-hybrid coatings. These coatings have found success primarily in the power generation industry but are also applicable across a spectrum of industries where innovative wear or corrosion protection solutions are required. 

FMP enjoys a presence in the USA as well as more recently entering markets in the Middle East and Asia. Adding FMP to the Castolin Eutectic Group follows other recent acquisitions like Whertec Inc. and Monitor Coatings. Both Whertec’s and FMP’s application capabilities fit well to Castolin Eutectic’s 111 years of dedication to conserve the earth’s resources, enhance plant performance and reduce maintenance costs through technology, quality and service level.

February 15, 2017  By Castolin Eutectic Group