Construction Forms, Inc. (CFI) Announces Acquisition Of Tricon Wear Solutions

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.

“Together, Tricon and CFI will be a stronger, more diversified partner to new and existing customers globally, with an expanded offering and strengthened value proposition,” says Stefan Brosick, CEO of CFI.

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.”

“We are excited to welcome the exceptional Tricon team,” says Brosick. “CFI’s expanded portfolio will increase the breadth of superior aftermarket solutions, all focused on delivering the lowest total cost of ownership for our customers.”

John Von Bargen, managing director at H.I.G., added, “CFI’s partnership with Tricon is a transformative merger that creates a diversified leader in the industrial wear parts market. This is the first of what we hope will be several acquisitions further building upon CFI’s platform of leading wear parts companies.”

Combined, the CFI group of companies will have more than 350 employees with five U.S.-based manufacturing facilities and one in Europe. CFI serves customers globally in a wide range of industries including concrete pumping, mining, dredging, power generation, and pulp and paper.

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