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Paragon Partners acquired all shares of Castolin Eutectic, a provider of wear protection and repair solutions for industrial plants, from the Messer Group. Castolin Eutectic is headquartered in Kriftel, Germany, and operates six production facilities worldwide.
The Castolin Eutectic Group, a division of MEC Holding GmbH, acquired Furnace Mineral Products Inc. (FMP), a Toronto-based company specializing in inorganic hybrid coatings for power generation and other industries.