Published on September 1st, 2017 | By: Eileen De Guire0
Parent investor company looking to sell CeramTec GmbH for 2.4B euroPublished on September 1st, 2017 | By: Eileen De Guire
According to a Nasdaq news report published yesterday, CeramTec GmbH (Plochingen, Germany) is up for sale. The company manufactures advanced ceramic components for a wide range of markets—automotive, electronics, energy and environment, and medical devices. The company reported sales of 501 million sales in 2015 in a press release from April 2016.
CeramTec is a Sapphire-level ACerS Corporate Partner.
Cinven—an international private equity firm—bought CeramTec in 2013 for 1.5 billion euro. It first tried to sell the company in 2015 without success. According to the Nasdaq report, Cinven expects bids in the range of 2.4 billion euro ($2.9 billion). The first round of bids is due Sept 12, and there appears to be interest “from Asian industry players and financial investors, people close to the matter said.”
Cinven expanded CeramTec’s business portfolio with the acquisition of DAI Ceramics (Willoughby, Ohio) in May 2016 and UK Electro-Ceramics (Ruabon and Southamton, UK) from Morgan Advanced Materials in February 2017.
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