Morgan Advanced Materials PLC Morgan Advanced Materials announces divestment (5501X)

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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 GBP6.8million.

For further enquiries:

 
                 Morgan Advanced Materials 
 Pete Raby        plc                         01753 837 000 
 Peter Turner 
 
 
   Nina Coad     Brunswick                      0207 404 5959 
 

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September 01, 2020 02:00 ET (06:00 GMT)