Ceradyne's ESK Ceramics Acquires Interest in Chemtrix, B.V.
June 01 2012 - 2:00AM
Marketwired
Ceradyne, Inc. (NASDAQ: CRDN) announced that its German-based
subsidiary, ESK Ceramics, GmbH & Co., has acquired a minority
interest in Chemtrix, based in the Netherlands, for an undisclosed
amount. During 2012, the transaction will have an immaterial impact
on Ceradyne's fully diluted earnings per share.
Chemtrix develops and sells equipment and services based on the
concept of executing R&D and process development in
revolutionary micro reactors with a direct scale to larger quantity
production in mid-size reactors. ESK is a supplier of
flow-chemistry reactors suitable to produce on an industrial scale.
With this cooperation, the companies are able to offer a complete
product portfolio of scalable flow-chemistry equipment and services
to the pharmaceutical and fine-chemical industry.
Dr. Thomas Jüngling, President of ESK and Vice President of
Ceradyne, commented: "As a leader in ceramic products we see
considerable growth potential for industrial flow reactors. We
expect that the combination of flow-chemistry knowledge and R&D
laboratory equipment at Chemtrix and our industrial reactor
manufacturing know-how will accelerate the adoption of this
technology."
Hugo Delissen, CEO of Chemtrix, commented: "Chemtrix and ESK are
ideal partners for jointly developing this emerging market. We will
be able to deliver the equipment and the knowledge needed to enable
customers integrating this new efficiency increasing technology
into their production lines. Together we will become one of the
leading companies in the flow-chemistry market."
About Ceradyne, Inc. Ceradyne develops, manufactures, and
markets advanced technical ceramic products and components for
defense, industrial, energy, automotive/diesel, and commercial
applications.
In many high performance applications, products made of advanced
technical ceramics meet specifications that similar products made
of metals, plastics or traditional ceramics cannot achieve.
Advanced technical ceramics can withstand extremely high
temperatures, combine hardness with light weight, are highly
resistant to corrosion and wear, and often have excellent
electrical capabilities, special electronic properties and low
friction characteristics. Additional information about the Company
can be found at http://www.ceradyne.com.
Forward-Looking Statements Except for the historical information
contained herein, this press release contains forward-looking
statements regarding future events and the future performance of
Ceradyne that involve risks and uncertainties that could cause
actual results to differ materially from those projected. Words
such as "anticipates," "believes," "plans," "expects," "intends,"
"future," and similar expressions are intended to identify
forward-looking statements. These risks and uncertainties are
described in the Company's Annual Report on Form 10-K for the
fiscal year ended December 31, 2011 and its Quarterly Reports on
Form 10-Q as filed with the U.S. Securities and Exchange
Commission.
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