Aliaxis SA, a global leader in the manufacturing and distribution of advanced plastic piping systems, has announced today that it has signed an agreement to divest its Ceramics Business, consisting of FRIALIT-DEGUSSIT high-performance ceramics and FRIDURIT laboratory technology, to KYOCERA Fineceramics GmbH. This way both businesses will become part of KYOCERA, a global leading ceramics and technology corporation.
This divestment is in line with the Aliaxis’s strategy to enable growth in all its businesses by aligning with the right customers, capabilities and markets. The transaction is expected to close in the third quarter of 2019, and is subject to customary closing conditions, including appropriate regulatory approvals. The financial details of this transaction will not be disclosed.
“Our Ceramics team benefits from a great expertise and has been able to position itself in high-profile industries such as Formula 1 racing and particle accelerators with numerous prestigious clients. As a part of Kyocera, they will be able to further develop their activities and truly realise their growth ambition. This transition provides all staff with the perspective of a long and prosperous future, with the help and guidance of the best possible parent”, said Aliaxis CEO Laurent Lenoir.