Saint-Gobain Sells Its "Advanced Ceramics" Business To CoorsTek For 245 Million Dollars

Date: 30 June 2010
Source: Saint-Gobain
Saint-Gobain has signed an agreement for the sale of its “Advanced Ceramics” business to the US company CoorsTek, for a total (enterprise value) of 245 million US dollars (about 200 million euros).

Manufactured and marketed by Saint-Gobain’s Ceramic Materials activity, these products are ceramic components: hot surface igniters, electro-ceramic parts for household appliances, ceramic balls for high-performance bearings, automobile water pump seals, special components for the semiconductor industry, agricultural spray nozzles, and other dense alumina components. In 2009, Saint-Gobain’s “Advanced Ceramics” business reported sales of 135 million euros, with more than 1,100 employees spread out over 14 sites in the Americas, Europe, and Asia.
 
Saint-Gobain accepted the offer of CoorsTek, a major global and historic stakeholder in the advanced ceramics industry, given that this company has the investment resources and R&D capacity to allow the businesses sold to capitalize on new synergy for their international development.
 
Read more here.

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