Divestiture • Chemicals

Morgan Advanced Materials Acquires Carpenter Advanced Ceramics

On December 21, 2007, Morgan Advanced Materials acquired chemicals company Carpenter Advanced Ceramics from Carpenter Technology

Acquisition Context
  • This is Morgan Advanced Materials’ 1st transaction in the Chemicals sector.
  • This is Morgan Advanced Materials’ 2nd transaction in the United States.
  • This is Morgan Advanced Materials’ 1st transaction in California.

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M&A Deal Summary

Date December 21, 2007
Target Carpenter Advanced Ceramics
Sector Chemicals
Buyer(s) Morgan Advanced Materials
Sellers(s) Carpenter Technology
Deal Type Divestiture

Target Company

Carpenter Advanced Ceramics

Auburn, California, United States
Carpenter Advanced Ceramics, Inc. is a manufacturer of engineered ceramics products sells high purity alumina and zirconia structural ceramic components for a variety of applications and industries and is a world leader in zirconia ceramics. It operates two plants, one in the US and one in Australia, and has approximately 150 employees.
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Buyer Overview 1

Buyer

Morgan Advanced Materials

Windsor, United Kingdom

Category Company
Founded 1856
Sector Manufacturing
Employees8,479
Revenue 1.1B GBP (2024)
DESCRIPTION

Morgan Advanced Materials is a manufacturer of advanced carbon and ceramic materials for complex and technologically demanding applications. Morgan Advanced Materials was founded in 1856 and is based in Windsor, England.


Deal Context for Buyer #
Overall 3 of 6
Sector: Chemicals 1 of 1
Type: Divestiture 3 of 3
State: California 1 of 1
Country: United States 2 of 2
Year: 2007 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-21 Certech

Wood-Ridge, New Jersey, United States

Certech, Inc. is a manufacturer of complex injection moulded ceramic components. Certech is the global number one independent manufacturer of these consumable parts, which are used during the investment casting of turbine blades and vanes for aerospace engines and industrial gas turbines, and some high end industrial castings. The business also manufactures a range of other porous ceramics and various foundry supplies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-05 NP Aerospace

Coventry, United Kingdom

NP Aerospace Ltd. designes and manufactures lightweight structural products based on advanced composite material systems. Its principal customers were in the aerospace, defense and medical imaging sectors.

Buy £71M

Seller Profile 1

SELLER

Carpenter Technology

Philadelphia, Pennsylvania, United States

Category Company
Founded 1889
Sector Metals/Mining
Employees4,600
Revenue 2.8B USD (2024)
DESCRIPTION

Carpenter Technology develops, manufactures, and distributes cast/wrought and powder metal stainless steels and specialty alloys. Carpenter Technology was founded in 1889 and is based in Philadelphia, Pennsylvania.


Deal Context for Seller #
Overall 3 of 3
Sector: Chemicals 1 of 1
Type: Divestiture 3 of 3
State: California 2 of 2
Country: United States 3 of 3
Year: 2007 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-21 Certech

Wood-Ridge, New Jersey, United States

Certech, Inc. is a manufacturer of complex injection moulded ceramic components. Certech is the global number one independent manufacturer of these consumable parts, which are used during the investment casting of turbine blades and vanes for aerospace engines and industrial gas turbines, and some high end industrial castings. The business also manufactures a range of other porous ceramics and various foundry supplies.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-03 Amega West Services

Houston, Texas, United States

Amega West Services LLC is a manufacturer of high-precision components for measurement while drilling (MWD) and logging while drilling (LWD), drill collars, stabilizers and other down-hole tools used for directional drilling, which reduces the cost and environmental impact of oil & gas production.

Buy $54M