The buyout-happy Perelman family is at it again, this time pursuing a company it already runs.
One Perelman enterprise - Belmont Industries - yesterday offered $34.7 million to buy the stock it does not already control in General Refractories, a Bala Cynwyd company.
Belmont Industries and General Refractories share the same chairman - Raymond Perelman, the 70-year-old Philadelphia industrialist.
Perelman became chairman of General Refractories three years ago, after he won control of the company in a proxy fight.
General Refractories employs more than 4,200 people, although only about 100 work at the company's headquarters. The firm makes furnace lining materials that are sold mainly to the steel industry.