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| Saint-Gobain sells its business to CoorsTek Saint-Gobain, the world leader in the habitat and construction markets, has signed an agreement for the sale of its "Advanced Ceramics" business to the US company CoorsTek, a major global and historic stakeholder in the advanced ceramics industry, for a total (enterprise value) of 245 million US dollars (about 200 million euros). Manufactured and marketed by Saint-Gobain's Ceramic Materials activity, these products are ceramic components: hot surface igniters, electro-ceramic parts for household appliances, ceramic balls for high-performance bearings, automobile water pump seals, special components for the semiconductor industry, agricultural spray nozzles, and other dense alumina components. In 2009, Saint-Gobain's "Advanced Ceramics" business reported sales of 135 million euros, with more than 1, 100 employees spread out over 14 sites in the Americas, Europe, and Asia. This divestment is subjected to approval by the US and Brazilian anti-trust authorities. write your comments about the article :: © 2010 Construction News :: home page |