Posted in | News | Ceramic Materials | Materials Science

Cookson Completes Sale of Carbon Bonded Ceramics Business

Apr 17 2008

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Cookson Group plc, a leading materials science company, announces that it has today completed the disposal of the Carbon Bonded Ceramics business (“CBC”) of Foseco plc (“Foseco”) to companies owned by RHI AG (“RHI”).

On 11 January 2008, it was announced that a conditional agreement had been entered into to sell CBC to RHI to expedite anti-trust clearances. Following the acquisition of Foseco by Cookson on 4 April 2008 and confirmation from the European Commission and the United States Department of Justice that this sale satisfies the condition concerning CBC included in the anti-trust clearances obtained on 4 March 2008, the sale of CBC to RHI has now been completed.

CBC had revenue of approximately £19 million for the year ended 31 December 2007 and gross assets of approximately £8 million as at 31 December 2007.

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