Ceramic Industry News

Cookson Announces Proposed Sale of Foseco's CBC Business (posted 1/14/08)

January 14, 2008
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Cookson Group plc recently announced that has entered into a conditional agreement to sell Foseco plc’s Carbon Bonded Ceramics (CBC) business to companies owned by RHI AG. The CBC business had revenue of approximately £20 million (about $39 million) for the year ended December 31, 2006, and gross assets of approximately £9 million (about $18 million) as of December 31, 2006.

Completion of the transaction is conditional on the acquisition of Foseco by Cookson, which is expected to be completed in the first half of 2008, and other factors.

Visit www.cooksongroup.co.uk for more information.

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