Construction Forms, Inc. (“CFI”), a portfolio company of H.I.G. Capital (“H.I.G.”), announced the acquisition of Tricon Wear Solutions (“Tricon”). Tricon is a leading manufacturer of abrasion, wear-resistant products, specializing in highly engineered steel plates and other fabricated products. The acquisition will broaden CFI’s expertise and offerings in abrasion resistant products for demanding industrial applications.
Tricon will operate under the CFI umbrella together with Con Forms, Ultra Tech, and Esser Twin Pipes, and will share in the benefits of their global presence. The CFI group of businesses will benefit from the years of expertise that Tricon has developed in pulp and paper, mining, and other industrial segments.
Todd Plate, President and CEO of Tricon, commented, “Both companies have a shared vision of relentless focus on customer needs and safety. Together, we have decades of expertise in engineering solutions for challenging abrasion and wear resistance applications. Our partnership with CFI creates an expanded platform to serve customers in the most severe wear situations worldwide.”