Vesuvius completed the acquisition of the molten metal systems business from Morgan Advanced Materials for £92.7m.

Vesuvius, an engineered ceramics company, completed the acquisition of the molten metal systems business from Morgan Advanced Materials, a manufacturer of advanced carbon and ceramic materials, for £92.7m. The disposal of MMS simplifies Morgan, and is in line with the Group's strategy to accelerate its organic growth and generate higher returns by focusing on specific markets. The sale is expected to improve the financial position of the Group and provide optionality both for investment in growth and enhanced shareholder returns in line with our capital allocation priorities.