Aliaxis SA, a global leader in the manufacturing and distribution of advanced plastic piping systems, has announced today that it has completed the divestment of its Ceramics Business, consisting of FRIALIT-DEGUSSIT high-performance ceramics and FRIDURIT laboratory technology, to KYOCERA Fineceramics GmbH. This way both businesses are now fully part of KYOCERA, a global leading ceramics and technology corporation.
This divestment is in line with the Aliaxis strategy to enable growth in all its businesses by aligning with the right customers, capabilities and markets. The financial details of this transaction will not be disclosed.
“As a part of Kyocera, the Ceramics team will be able to further develop their activities and truly realize their growth ambition. We wish the entire Ceramics team and Kyocera great success while they pursue their new exciting future”, said Aliaxis CEO Laurent Lenoir.