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Morgan acquires US carpenter.(INDUSTRY NEWS)
- Article from:
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Advanced Ceramics Report
- Article date:
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June 1, 2008
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Morgan Crucible Co plc, UK, has acquired Certech and Carpenter Advanced Ceramics from US firm Carpenter Technology Corp.
The businesses have been acquired on a cash and debt free basis for a cash consideration of around $145million (about [pounds sterling]73 million). The combination of the three organizations creates one of the largest technical ceramics companies in the world.
The acquisition expands Morgan Technical Ceramics' workforce to 3000 and its manufacturing sites now cover four continents, with 24 worldwide. Those acquired as part of the deal are:
* San Juan del Rio (Mexico);
* Melbourne (Australia);
* five US sites (Wood-Ridge, Carlstadt, ...