Saint-Gobain:Sells Advanced Ceramic Lines To CoorsTek For $245 Million

Date : 06/28/2010 @ 12:19PM
Source : Dow Jones News
Stock : Carpenter Technology Corp. (CRS)
Quote : 38.95  1.1 (2.91%) @ 2:17PM

Saint-Gobain:Sells Advanced Ceramic Lines To CoorsTek For $245 Million

Saint Gobain (EU:SGO)
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French building materials company Saint Gobain SA (SGO.FR) Monday announced the sale of its advanced ceramics business to U.S. firm CoorsTek Inc. for a total enterprise value of $245 million.

In 2009, Saint-Gobain's advanced ceramics business reported sales of EUR135 million, with more than 1,100 employees based at 14 sites in the Americas, Europe and Asia, the company said.

-By Adam Mitchell, Dow Jones Newswires; +33 1 40171756; adam.mitchell@dowjones.com

 
 

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