Morgan Technical Ceramics Acquires Certech and Carpenter Advanced Ceramics in $145 Million Deal

Morgan Technical Ceramics (http://www.morgantechnicalceramics.com/)' 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 organizations creates one of the largest technical ceramics (www.morgantechnicalceramics.com/markets/index.htm) companies in the world.

Waldkraiburg, Germany (PRWEB) April 15, 2008 -- Morgan Technical Ceramics (http://www.morgantechnicalceramics.com/)' 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 organizations creates one of the largest technical ceramics (http://www.morgantechnicalceramics.com/markets/index.htm) companies in the world.

The acquisition expands Morgan Technical Ceramics' workforce to 3,000 and its manufacturing sites now cover four continents with twenty four 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 organization is a natural home for Carpenter's ceramic businesses (http://www.morgantechnicalceramics.com/manufacturingsites.htm)," 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-molded, consumable ceramic components (http://www.morgantechnicalceramics.com/about-ceramics.htm), 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 (http://www.morgantechnicalceramics.com/mac-data-sheets/index.htm) 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 is a division of The Morgan Crucible Company Plc, comprising of Morgan Advanced Ceramics and Morgan Electro Ceramics. With manufacturing locations in North America, Europe and Asia, Morgan Technical Ceramics supplies an extensive range of products, including ceramic components, braze alloys, ceramic/metal assemblies and engineered coatings. For more information on Morgan Technical Ceramics Group visit morgantechnicalceramics.com (http://www.morgantechnicalceramics.co.uk/) or contact one of our sales offices below.

Morgan Advanced Ceramics (MAC) manufactures products from a comprehensive range of materials. Supplying to a variety of demanding markets, MAC has established an enviable reputation for providing value-added solutions through world-class research and development, innovative design and, perhaps most important of all, application engineering.

Morgan Electro Ceramics (MEC) has a comprehensive range of piezoelectric and dielectric materials from which many products are manufactured, including transducers, sensors, actuators and high voltage & RF capacitors. MEC has established an enviable reputation for providing value-added solutions through world-class research and development, innovative design and, perhaps most important of all, application engineering.

UK & Eire

Morgan Technical Ceramics, Bewdley Road, Stourport, Worcestershire, DY13 8QR.

Tel: +44 1299 872210 Fax: +44 1299 872218

Email: mtcuksales(at)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(at)morganplc.com

North America

Morgan Technical Ceramics Inc, 232 Forbes Road, Bedford, Ohio 44146 5418, USA

Tel: +1 440 232 8600 Fax: +1 440 232 8731

Email: mtcussales(at)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(at)morganplc.com

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