Vesuvius to acquire the molten metal systems business from Morgan Advanced Materials for £92.7m.

Vesuvius, an engineered ceramics company, agreed to acquire the molten metal systems business from Morgan Advanced Materials, a manufacturer of advanced carbon and ceramic materials, for £92.7m. "This disposal demonstrates the disciplined approach we take to our portfolio. It leaves Morgan more simple and better aligned to our strategy. We remain focused on delivering against our strategic initiatives and believe that today's transaction will realise significant value for shareholders, as well as better positioning the Group to deliver higher organic growth returns," Damien Caby, Morgan Advanced Materials CEO.