December 2020 Fosbel, Portfolio Company Of The Anderson Group, Acquires Wahl Refractory Solutions

St. Petersburg, FL – Fosbel, Inc., a portfolio company of The Anderson Group, LLC, has purchased the assets of Wahl Refractory Solutions, LLC. A leading manufacturer and distributor of refractory precast shapes and castables, Fosbel Wahl will continue to operate out of Wahl’s Fremont, Ohio manufacturing plant. By acquiring the assets of Wahl, Fosbel will vertically integrate a portion of its supply chain, allowing it to better serve its international customer base. Further, this acquisition will enable Fosbel to gain entry into new markets such as cement and aluminum.

Eric Yaszemski, Chief Executive Officer, recently commented on the acquisition stating, "We are excited to work with the knowledgeable team from Wahl and build upon Wahl’s rich history of innovation and quality. We are confident, with Fosbel Wahl’s extensive capabilities and in-house engineering, that we can expand into new markets and vertically integrate our global refractory supply chain."

About The Anderson Group

Founded in 1985, The Anderson Group is an operationally-oriented private equity investment firm focused on acquiring control positions in companies at the lower end of the middle market. Senior professionals at Anderson each have between twenty and thirty years of operational experience in various businesses and industries. Anderson specializes in three types of transactions: turnaround opportunities, special situation investments and recapitalizations. Though Anderson does not have a specific industry focus, it typically acquires businesses in the niche manufacturing, distribution or service industries. The Anderson Group is not an institutional fund; rather, it invests its own committed pool of capital. As such, Anderson is able to avoid investment approval processes, mandates and holding periods. Thus, Anderson can offer a faster approval/transaction process, certainty to close, flexibility in equity ownership and an ability to invest throughout the capital structure that other firms and funds often cannot. For more information about The Anderson Group, please visit