M&A Deal Summary

Morgan Advanced Materials Acquires Cookson Group - Ceramic Fibres Business

On February 22, 2006, Morgan Advanced Materials acquired building materials company Cookson Group - Ceramic Fibres Business from Vesuvius for 21M USD

Acquisition Highlights
  • This is Morgan Advanced Materials’ 1st transaction in the Building Materials sector.
  • This is Morgan Advanced Materials’ 2nd largest (disclosed) transaction.
  • This is Morgan Advanced Materials’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2006-02-22
Target Cookson Group - Ceramic Fibres Business
Sector Building Materials
Buyer(s) Morgan Advanced Materials
Sellers(s) Vesuvius
Deal Type Divestiture
Deal Value 21M USD

Target

Cookson Group - Ceramic Fibres Business

United Kingdom
Cookson Group - Ceramic Fibres Business consist of 2 productions sites, one in Poland and the other in Tennessee, USA, both of which provide high temperature insulating fibre focussed towards the iron and steel markets.

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Buyer(S) 1

Buyer

Morgan Advanced Materials

Windsor, United Kingdom

Category Company
Founded 1856
Sector Manufacturing
Employees8,694
Revenue 1.1B GBP (2023)
DESCRIPTION

Morgan Advanced 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, United Kingdom.


DEAL STATS #
Overall 1 of 6
Sector (Building Materials) 1 of 2
Type (Divestiture) 1 of 3
Country (United Kingdom) 1 of 2
Year (2006) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-04 Vacuumschmelze

Hanau, Germany

Vacuumschmelze is a producer of advanced magnetic solutions, rare earth permanent magnets, and inductive components. Vacuumschmelze was founded in 1923 and is based in Hanau, Germany.

Sell £300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-21 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.

Buy -

Seller(S) 1

SELLER

Vesuvius

London, United Kingdom

Category Company
Founded 1916
Sector Building Materials
Employees11,302
Revenue 1.9B GBP (2023)
DESCRIPTION

Vesuvius is a provider of engineering services and solutions to its customers worldwide, principally serving the steel and foundry industries. Company develop and manufacture high-technology products and solutions for supply to the steel and casting industries, operating a profitable, flexible, cash generative and growth-building business model. Vesuvius was founded in 1916 and is based in London, the United Kingdom.


DEAL STATS #
Overall 2 of 3
Sector (Building Materials) 1 of 1
Type (Divestiture) 2 of 3
Country (United Kingdom) 1 of 2
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-07-12 TAM Ceramics Group of New York

Niagara Falls, New York, United States

TAM Ceramics Group of New York, LLC is a supplier of dielectric powders for the electronics industry and zircon-based ceramic powders for a variety of uses.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-12 Cookson Precious Metals

Birmingham, United Kingdom

Cookson Precious Metals Ltd. is a supplier for the European jewellery industry and maintains a presence in five countries with its subsidiaries in France (Cookson-CLAL), Spain (Sempsa), the UK (Cookson Precious Metals), the Netherlands (Cookson Drijfhout), and Portugal (Koutadly). The company also operates a major precious metals recycling business as well as catalogue and online businesses under the names of “Cooksongold” and “Cookson-CLAL”.

Sell -