Vesuvius Acquires Morgan Advanced’s Molten Metal Systems Business
Vesuvius PLC said it has agreed to acquire Morgan Advanced Materials PLC’s Molten Metal Systems (MMS) business for a total enterprise value of GBP 9,7 million. Vesuvius is a London-based molten metal flow engineering and technology company, and Morgan is a Windsor, England-based manufacturer of carbon and ceramic materials.
The MMS business is part of Morgan’s Thermal Products segment, and provides crucibles products and melting solutions used in the production of non-ferrous metals such as zinc, aluminium, copper, brass, bronze and precious metals. It comprises Morganite Crucible (India) Ltd, in which Morgan owns a 75% stake, and the remaining worldwide MMS business wholly-owned by Morgan. The takeover is expected to complete by early October.
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