Platinum Equity has completed the acquisition of HarbisonWalker International (HWI) by way of a merger agreement.

HWI is a supplier of refractory products and services in North America, which includes the glass manufacturing industry.

In January, Platinum Equity acquired Imerys High Temperature Solutions business, which is now operating under the Calderys brand.

HWI and Calderys will join forces into a global business with increased reach and scale.

“Despite a challenging M&A market, we are continuing to find attractive opportunities to put capital to work and provide divestiture solutions that deliver speed and certainty,” said Platinum Equity Partner Louis Samson.

“The HarbisonWalker brand is highly respected and vital to the long-term success of the combined company,” he added.

“We will continue investing in its growth and expansion in the Americas.”

HarbisonWalker’s headquarters will remain in Pittsburgh as the headquarters of the combined company’s Americas region operations.

Michel Cornelissen, currently President and CEO of Calderys, will serve as the global CEO of the combined company.

Mr. Cornelissen said: “Our goal is to be the best partner for our customers anywhere in the world, to support them in their energy transition needs, and to set a new benchmark for the industry.”