Talon Resources Targets Ontario Gold Growth After AIM Move and Eagle Lake Acquisition, CEO Says. Watch here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksVesuvius Regulatory News (VSVS)

Share Price Information for Vesuvius (VSVS)

Share Price is delayed by 15 minutes
Get Live Data
455.00    -10.60 (-2.28%)
Bid:
452.80
Ask:
453.20
Spread: 0.40 (0.088%)
Market Cap: £1.12b
VSVS Live PriceLast checked at - London Stock Exchange

Intraday Vesuvius Share Chart

Acquisition

30 Mar 2012 09:30

RNS Number : 4400A
Cookson Group PLC
30 March 2012
 

30 March 2012

 

 

ACQUISITION OF METALLURGICA

 

 

Cookson Group plc ("Cookson"), a leading materials science company, announces that on 29 March 2012 it completed the acquisition of Metallurgica Beteiligungsesellschaft mbH, Metallurgica Gesellschaft fur Huttenwerkstechnik mbH & Co. KG, and Metallurgica North America, LP ("Metallurgica").

 

Metallugica, headquartered in Germany, is one of the world's leading suppliers of fluxes, and will be integrated into the Engineered Ceramics division. Fluxes are a range of powders used alongside refractory products in the enclosed continuous casting technology for steel production. As well as absorbing impurities in the molten steel, these powders also help lubricate the mould and prevent oxidation of the molten steel during the production process. In 2011, Metallurgica had revenue of approximately €48m (£40m*) and trading profit of approximately €4.6m (£3.8m*). Gross assets as at 31 December 2011 were approximately €24m (£20m*).

 

Commenting on the acquisition, François Wanecq, Chief Executive of Cookson's Engineered Ceramics division, said:

 

"Metallurgica's expertise in fluxes represents an important further addition to our extensive range of Steel Flow Control products and services. This and the recent purchase of SERT, a provider of automation systems for molten metals processes, reflect our strategy of making bolt-on acquisitions to further strengthen our positioning in our core markets."

 

 

Notes:

* translated at an exchange rate of €1.2/£1

 

Shareholder/analyst enquiries:

Nick Salmon, Chief Executive

Cookson Group plc

Mike Butterworth, Group Finance Director

Tel: + 44 (0)20 7822 0000

Media enquiries:

John Olsen

MHP Communications

Anthony Arthur

Tel: +44 (0)20 3128 8100

 

About Cookson Group plc:

 

Cookson Group plc is a leading materials science company operating on a worldwide basis in ceramics, electronics and precious metals markets.

 

The Engineered Ceramics division is the world leader in the supply of advanced consumable refractory products and systems to the global steel and foundry industries and a leading supplier of speciality products to the glass and solar industries.

 

The Performance Materials division is a world leading supplier of electronic assembly materials and advanced surface treatment and plating chemicals to the electronics, automotive, industrial and construction markets.

 

The Precious Metals division is a leading supplier of fabricated precious metals (primarily gold, silver and platinum) to the jewellery industry in the UK, France and Spain, and also has significant precious metal recycling operations.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ACQWGUAPWUPPURU
Date   Source Headline
27th Feb 20127:00 amRNSDirectorate Change
27th Feb 20127:00 amRNS2011 Full Year Results
23rd Feb 20128:36 amRNSDisposal
17th Feb 201212:29 pmRNSHolding(s) in Company
16th Feb 20122:35 pmRNSHolding(s) in Company
2nd Feb 20122:55 pmRNSHolding(s) in Company
31st Jan 20122:47 pmRNSHolding(s) in Company
27th Jan 201212:17 pmRNSHolding(s) in Company
24th Jan 20129:58 amRNSHolding(s) in Company
16th Jan 20129:37 amRNSHolding(s) in Company
3rd Jan 201210:31 amRNSBlocklisting Interim Review
19th Dec 201112:09 pmRNSHolding(s) in Company
13th Dec 20113:45 pmRNSHolding(s) in Company
21st Nov 20113:59 pmPRNHolding(s) in Company
14th Nov 201111:53 amPRNHolding(s) in Company
10th Nov 20117:00 amRNSInterim Management Statement
27th Oct 20111:05 pmPRNHolding(s) in Company
25th Oct 20116:13 pmPRNHolding(s) in Company
25th Oct 20111:26 pmPRNDirector/PDMR Shareholding
23rd Sep 20119:07 amPRNDirector/PDMR Shareholding
24th Aug 20113:59 pmRNSHolding(s) in Company
19th Aug 20111:59 pmRNSHolding(s) in Company
16th Aug 201111:58 amRNSHolding(s) in Company
10th Aug 20114:57 pmRNSHolding(s) in Company
2nd Aug 20117:00 amRNSHalf Yearly Report
13th Jul 20114:32 pmRNSHolding(s) in Company
1st Jul 20119:59 amPRNBlocklisting - Interim Review
28th Jun 20112:19 pmPRNDirector/PDMR Shareholding
27th Jun 201111:00 amRNSBoard Appointment
21st Jun 20113:56 pmPRNHolding(s) in Company
8th Jun 20111:27 pmPRNDirector/PDMR Shareholding
7th Jun 20113:27 pmPRNDirector/PDMR Shareholding
7th Jun 20113:26 pmPRNDirector/PDMR Shareholding
7th Jun 201112:41 pmPRNHolding(s) in Company
6th Jun 20113:31 pmPRNHolding(s) in Company
31st May 201111:13 amPRNTotal Voting Rights
31st May 201111:12 amPRNHolding(s) in Company
12th May 201112:50 pmRNSResult of AGM
12th May 20117:00 amRNSInterim Management Statement
15th Apr 20119:57 amPRNAnnual Information Update
14th Apr 20119:15 amRNSNew £600 million five year bank facility
11th Apr 201112:16 pmPRNDirector Declaration
6th Apr 20115:02 pmRNSAnnual Financial Report
1st Apr 20111:57 pmRNSDirector/PDMR Shareholding
1st Mar 20117:00 amRNSPreliminary Results 2010
28th Feb 201111:05 amPRNTotal Voting Rights
31st Jan 20119:29 amPRNTotal Voting Rights
26th Jan 20117:00 amRNSTrading and Strategic Plan updates
4th Jan 201110:31 amRNSBlocklisting Interim Review
4th Jan 201110:05 amPRNTotal Voting Rights

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.