Ceramic Industry

Cookson Completes Sale of Ceramic Fiber Business (4/18/06)

April 18, 2006
Cookson Group plc has completed the sale of its Ceramic Fibers operations in Tennessee and Poland to The Morgan Crucible Co. plc for a cash consideration of $21 million (£12 million). Additionally, Cookson's 50% shareholding in its joint venture in Mexico was sold to its joint venture partner, Grupo Nutec S.A. de C.V., for a cash consideration of $2 million (£1 million).

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