Furnace Mineral Products (FMP), Inc. joins Castolin Eutectic Group
The Castolin Eutectic Group, a division of MEC Holding GmbH with headquarters in Bad Soden, Germany, announces the acquisition of Furnace Mineral Products (FMP), Inc, on February 1, 2017. A privately owned corporation based in Toronto, Canada, 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 strong presence in the USA as well as more recently also succeeded entering markets in the Middle East and Asia. Adding FMP to the Castolin Eutectic Group compliments other recent acquisitions like Whertec Inc. and Monitor Coatings, to strengthen the Group’s position as a leading global player in providing the broadest range of innovative protective coating solutions to the industry. 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 and an industry-leading quality and service level.