FMP 3

Furnace Mineral Products (FMP Coatings) Inc. joins Castolin Eutectic Group

February 1, 2017 – 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. 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.