Morgan Technical Ceramics Acquires Certech and Carpenter Advanced Ceramics in £73 Million Deal
Morgan Technical Ceramics' parent company, The Morgan Crucible Company plc, has acquired Certech and Carpenter Advanced Ceramics from US firm Carpenter Technology Corporation. The businesses have been acquired on a cash and debt free basis for a cash consideration of around US$145million (c. £73 million) and the combination of the three organisations 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, Wilkes-Barre, Auburn, Twinsburg) and two in the UK (Derby, Corby).
"The Morgan Technical Ceramics organisation is a natural home for Carpenter's ceramic businesses," said Andrew Hosty, CEO of the Technical Ceramics division. Dr Hosty continued: "This deal is about sales growth and technology development, and opens exciting opportunities, especially in our key markets of aerospace, power generation and medical equipment.
Certech is the number one global independent manufacturer of a broad range of complex, injection-moulded, consumable ceramic components, 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 foundry supplies.
Carpenter Advanced Ceramics is a manufacturer of engineered technical ceramics and offers a world beating range of zirconia ceramics. The company is also well known for its high purity alumina with products largely used in corrosive and/or high wear applications.
Both acquisitions strongly align with Morgan Crucible's strategy of focusing on higher growth, higher margin, less economically cyclical markets and further enhances the company's value-added offering to its customers across the globe.
About Morgan Technical Ceramics
Morgan Technical Ceramics has a comprehensive range of ceramic materials from which its products are manufactured. Supplying to a variety of markets, Morgan Technical Ceramics has established an enviable reputation for providing value-added solutions through world-class research and development, innovative design and application engineering.
A subsidiary of The Morgan Crucible Company, Morgan Technical Ceramics Group includes Morgan Electro Ceramics and Morgan Advanced Ceramics. >From manufacturing locations in North America, Europe and Asia, it supplies an extensive range of products, including ceramic components, braze alloys, ceramic/metal assemblies and engineered coatings.
www.morgantechnicalceramics.com
For media enquiries please contact:
Sara Sowah,
email: ssowah@freshwater-uk.com
Freshwater Technology,
1 Horsefair Mews,
Romsey, Hampshire, SO51 8JG.
Tel: +44 (0) 1794 521156
For further information, please contact:
Lorraine Henry,
Morgan Technical Ceramics
Tel: +44 (0)1299 872217
Email: lorraine.henry@morganplc.com
UK & Eire:
Morgan Technical Ceramics,
Bewdley Road, Stourport,
Worcestershire, DY13 8QR.
Tel: +44 1299 872210
Fax: +44 1299 872218
Email: mtcuksales@morganplc.com
Mainland Europe:
Morgan Technical Ceramics Sales,
Teplitzerstr. 27, D-84478
Waldkraiburg, Germany
Tel: +49 8638 6004 326
Fax: +49 8638 6004 327
Email: mtceusales@morganplc.com
North America:
Morgan Technical Ceramics Inc,
26 Madison Road,
Fairfield, NJ 07004, USA
Tel: 1 800 433 0638
Fax: 1 973 808 2257
Email: mtcussales@morganplc.com
Asia:
Morgan Technical Ceramics,
158 Jiajian Road, Jiading,
Shanghai 201818,
People's Republic of China.
Tel: +86 21 5990 0687
Fax: +86 21 5990 3241
Email: mtccnsales@morganplc.com
