Volume 91 Issue 25 | p. 18 | Concentrates
Issue Date: June 24, 2013

Cinven Buys CeramTec From Rockwood

Department: Business
Keywords: ceramic, acquisition, private equity

London-based private equity firm Cinven has agreed to acquire Germany’s CeramTec, a producer of industrial ceramics, from the specialty chemical firm Rockwood Holdings for $1.98 billion. Rockwood expects to close the deal by October. CeramTec generated sales last year of $560 million. It has 3,000 staffers and 18 facilities producing ceramics principally for medical, industrial, electronic, and automotive applications. The divestment “will bring Rockwood one significant step closer to our . . .

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