M&A Deal Summary

Momentive Technologies Acquires CoorsTek - Crucibles Business

On November 1, 2022, Momentive Technologies acquired business services company CoorsTek - Crucibles Business from CoorsTek

Acquisition Highlights
  • This is Momentive Technologies’ 1st transaction in the Business Services sector.
  • This is Momentive Technologies’ 1st transaction in the United States.
  • This is Momentive Technologies’ 1st transaction in Colorado.

M&A Deal Summary

Date 2022-11-01
Target CoorsTek - Crucibles Business
Sector Business Services
Buyer(s) Momentive Technologies
Sellers(s) CoorsTek
Deal Type Divestiture

Target

CoorsTek - Crucibles Business

Golden, Colorado, United States
CoorsTek's Crucibles Business is used to melt and process materials at ultra-high temperatures. Quartz crucibles are specifically used to process silicon material to produce single/poly crystalline silicon ingots later to become semiconductor wafers.

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Buyer(S) 1

Buyer

Momentive Technologies

Strongsville, Ohio, United States

Category Company
Founded 2020
Sector Manufacturing
DESCRIPTION

Momentive Technologies is an advanced material company engaged in the design and manufacture of ultra-high-performance Quartz and Ceramic products. The materials technologies enable high-quality processing and production in a wide range of applications in the semiconductor, photovoltaic, lighting, aerospace, water purification, pharmaceutical, consumer electronic, and telecommunication industries. Momentive Technologies was founded in 2020 and is based in Strongsville, Ohio.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Colorado M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1

Seller(S) 1

SELLER

CoorsTek

Golden, Colorado, United States

Category Company
Founded 1910
Sector Machinery
Employees2,361
DESCRIPTION

CoorsTek, Inc.is a largest engineered ceramics manufacturer, today announced that it has finalized the acquisition of Covalent Materials, a leading Japanese engineered ceramics manufacturer.


DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: Colorado M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-18 CoorsTek Medical

Fort Worth, Texas, United States

CoorsTek Medical LLC offers casting and machining of a wide variety of implants and instruments combined with a full range of product development services which allow the company to provide a true “Concept to Launch” service to its OEM customers.

Sell -