MFRI Profile
MFRI, Inc. (MFRI) is a holding company that designs, manufactures, and sells industrial products worldwide. The company is headquartered in Niles, Illinois, USA.
MFRI operates through several subsidiaries, including Perma-Pipe International Holdings, Inc., which provides insulated piping systems for various industries; Smith Fiberglass Products, Inc., which produces fiberglass reinforced plastic (FRP) tanks, piping, and custom fabrications; and United Process Controls, Inc., which manufactures industrial furnace systems and combustion control systems.
The company's products are used in various industries, including energy, industrial, and water and wastewater management. MFRI has a global presence and has a reputation for high-quality products and excellent customer service.
Investing in industrial manufacturing companies like MFRI carries certain risks, including the potential for market fluctuations, changes in demand for industrial products, and competition from other companies. Additionally, the performance and returns of these companies can be influenced by various factors, including economic conditions, changes in government policies, and technological advancements. Potential investors should carefully consider these risks before making any investment decisions.
As of February 2023, the current market capitalization of MFRI is approximately $38.2 million.
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