GOLDEN, Colo., June 28 /PRNewswire/ -- CoorsTek, Inc., the leading global manufacturer of technical ceramic and specialty material components, announced today the signing of a definitive agreement to purchase the Advanced Ceramics business of Saint-Gobain with facilities in Europe, North America, South America, and Asia.
Under the agreement, CoorsTek will acquire the Advanced Ceramics business held by Saint-Gobain Ceramic Materials, a leading global supplier of materials and components made from ceramics, grains, and powders.
"We are very excited about our addition of the Saint-Gobain Advanced Ceramics business. This acquisition will significantly benefit our customers by expanding our material and processing capabilities, product offerings, and geographical reach," states John K. Coors, Chairman, President and CEO of CoorsTek, Inc.
Subject to necessary governmental approvals, this acquisition is expected to be effective on July 31, 2010.
More about CoorsTek...
CoorsTek is the leading technical ceramics manufacturer headquartered in North America with facilities in Europe and Asia. CoorsTek supplies critical components and complete assemblies for defense, medical, automotive, semiconductor, aerospace, electronic, power generation, telecommunication, and other high-technology applications. Utilizing advanced material technologies, the company's engineered solutions enable its customers' products to overcome technological barriers and improve performance. For more information about CoorsTek, please visit www.coorstek.com.
More about Saint-Gobain
Located in 64 countries with over 190,000 employees, Saint-Gobain, the world leader in the habitat and construction markets, designs, manufactures and distributes building materials, providing innovative solutions to meet growing demand in emerging and mature countries, for energy efficiency and for environmental protection. For more information, please visit www.saint-gobain.com
To view a brief video of John K. Coors discussing the agreement to purchase Saint-Gobain Advanced Ceramics business, please click on the link below: http://www.coorstek.com/sgb-acquisition.asp
CoorsTek and Amazing Solutions are trademarks of CoorsTek, Inc.
SOURCE CoorsTek, Inc.