After approval by competition authorities on 31 December, CoorsTek has now finalized its acquisition of the advanced ceramics business of Saint-Gobain for US $245 million.
Headquartered in North America, and celebrating its 100th year in business, CoorsTek is the largest technical ceramics manufacturer in the world with facilities in the Americas, Europe, and Asia.
The company supplies critical components and complete assemblies for defense, medical, automotive, semiconductor, aerospace, electronic, power generation, telecommunication, and other high-technology applications.
The acquisition adds six manufacturing facilities in Europe, four in the United States, one each in Canada, Mexico, and Brazil, and distribution and sales offices in Japan, China, Taiwan, and Singapore.
Product lines and materials acquired from Saint-Gobain include silicon carbide for use in semiconductor processing equipment; proprietary silicon carbide ceramic blends used in hot surface ignition systems; silicon nitride used to make extremely durable bearings; mullite used in molten metal filtration; steatite for electrical appliance markets; and specialty ceramics for custom, critical-duty applications.
“Two industry leaders with decades of innovative, high-quality performance now operate as a larger, more capable CoorsTek,” said John K. Coors, chairman, president, and CEO of CoorsTek, Inc. “We offer our customers expanded material and processing capabilities, product offerings, and geographical reach.”
