M&A Deal Summary

Ceradyne Acquires Electroschmelzwerk Kempten AG

On October 25, 2004, Ceradyne acquired chemicals company Electroschmelzwerk Kempten AG from Wacker Chemie for 118M USD

Acquisition Highlights
  • This is Ceradyne’s 1st transaction in the Chemicals sector.
  • This is Ceradyne’s largest (disclosed) transaction.
  • This is Ceradyne’s 1st transaction in Germany.

M&A Deal Summary

Date 2004-10-25
Target Electroschmelzwerk Kempten AG
Sector Chemicals
Buyer(s) Ceradyne
Sellers(s) Wacker Chemie
Deal Type Divestiture
Deal Value 118M USD

Target

Electroschmelzwerk Kempten AG

Munich, Germany
ESK (then known as Electroschmelzwerk Kempten AG) was founded in 1922 to produce non-oxide powders and technical ceramics.

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Buyer(S) 1

Buyer

Ceradyne

Costa Mesa, California, United States

Category Company
Founded 1967
Sector Plastics
Employees2,112
Revenue 500M USD (2012)
DESCRIPTION

Ceradyne, Inc. engages in the development, manufacture, and marketing of technical ceramics suitable for a number of high-end applications, including the ceramic armored vests used by soldiers.


DEAL STATS #
Overall 1 of 4
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
Country (Germany) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-11 Minco

Midway, Tennessee, United States

Minco is a manufacturer of fused silica and fused magnesia. In the fused silica market, Minco primarily supplies the precision investment casting industry. The company supplies fused magnesia for electrical heating elements, refractory systems, brakes and other applications.

Buy $28M

Seller(S) 1

SELLER

Wacker Chemie

Munich, Germany

Category Company
Founded 1914
Sector Chemicals
Employees16,425
Revenue 6.4B EUR (2023)
DESCRIPTION

Wacker Chemie is a provider of specialty chemical products worldwide. Wacker Chemie was founded in 1914 and is based in Munich, Germany.


DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
Country (Germany) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1