CoorsTek to Acquire Covalent Materials Corporation
The strategic transaction will create a company with USD 1,25 billion in annual revenue, offering the most extensive engineered ceramics portfolio in the industry and serving over 10 000 technology and manufacturing customers worldwide across all major industrial markets. Both companies possess uniquely strong competencies in a variety of materials. With the addition of Covalent, CoorsTek will further its leadership in engineered ceramics, through a market-leading portfolio of over 300 materials and the industry’s largest and most sophisticated research and development infrastructure, with centres in North America, Europe, and Asia. The combined entity will have over 50 production facilities in 14 countries across 4 continents, with over 6000 employees. The acquisition
provides substantially expanded access to Japanese and other key Asian markets, complementing CoorsTek’s existing Japanese
and South Korean operations as well as its strong North American, European and South American presence.