Morgan Advanced Materials announces divestment

RNS Number : 5501X
Morgan Advanced Materials PLC
01 September 2020
 

 

 

Press Release

Morgan Advanced Materials plc

1 September 2020

 

 

Morgan Advanced Materials announces divestment

 

 

Morgan Advanced Materials plc ("Morgan") announces that it has, effective 31 August 2020,  sold the assets of its facility in Allentown, Pennsylvania, United States for its Diamonex business to BEST Engineered Surface Technologies, LLC. 

 

The Diamonex business manufactures, among other products, chemical mechanical planarization pad conditioners sold into the semi-conductor market, scratch and wear resistant windows and other coating products and services, including diamond like carbon coatings.  The Allentown site had revenues in 2019 of £6.8million.

 

 

 

For further enquiries:

 

Pete Raby

Morgan Advanced Materials plc

01753 837 000

Peter Turner






 

Nina Coad

 

Brunswick

 

0207 404 5959

 

 

 

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