Acquisition (4400A)
30 Março 2012 - 5:30AM
UK Regulatory
TIDMCKSN
RNS Number : 4400A
Cookson Group PLC
30 March 2012
30 March 2012
ACQUISITION OF METALLURGICA
Cookson Group plc ("Cookson"), a leading materials science
company, announces that on 29 March 2012 it completed the
acquisition of Metallurgica Beteiligungsesellschaft mbH,
Metallurgica Gesellschaft fur Huttenwerkstechnik mbH & Co. KG,
and Metallurgica North America, LP ("Metallurgica").
Metallugica, headquartered in Germany, is one of the world's
leading suppliers of fluxes, and will be integrated into the
Engineered Ceramics division. Fluxes are a range of powders used
alongside refractory products in the enclosed continuous casting
technology for steel production. As well as absorbing impurities in
the molten steel, these powders also help lubricate the mould and
prevent oxidation of the molten steel during the production
process. In 2011, Metallurgica had revenue of approximately EUR48m
(GBP40m*) and trading profit of approximately EUR4.6m (GBP3.8m*).
Gross assets as at 31 December 2011 were approximately EUR24m
(GBP20m*).
Commenting on the acquisition, Francois Wanecq, Chief Executive
of Cookson's Engineered Ceramics division, said:
"Metallurgica's expertise in fluxes represents an important
further addition to our extensive range of Steel Flow Control
products and services. This and the recent purchase of SERT, a
provider of automation systems for molten metals processes, reflect
our strategy of making bolt-on acquisitions to further strengthen
our positioning in our core markets."
Notes:
* translated at an exchange rate of EUR1.2/GBP1
Shareholder/analyst enquiries:
Nick Salmon, Chief Executive Cookson Group plc
Mike Butterworth, Group Tel: + 44 (0)20 7822
Finance Director 0000
Media enquiries:
John Olsen MHP Communications
Anthony Arthur Tel: +44 (0)20 3128
8100
About Cookson Group plc:
Cookson Group plc is a leading materials science company
operating on a worldwide basis in ceramics, electronics and
precious metals markets.
The Engineered Ceramics division is the world leader in the
supply of advanced consumable refractory products and systems to
the global steel and foundry industries and a leading supplier of
speciality products to the glass and solar industries.
The Performance Materials division is a world leading supplier
of electronic assembly materials and advanced surface treatment and
plating chemicals to the electronics, automotive, industrial and
construction markets.
The Precious Metals division is a leading supplier of fabricated
precious metals (primarily gold, silver and platinum) to the
jewellery industry in the UK, France and Spain, and also has
significant precious metal recycling operations.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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