Morgan Advanced Materials announces divestment

RNS Announcement

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 £6.8million.

For further enquiries:

Pete Raby	Morgan Advanced Materials plc	01753 837 000
Peter Turner

Nina Coad	Brunswick	0207 404 5959

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RNS metadata

Title: Morgan Advanced Materials announces divestment
Time: 07:00:10
Date: 1 Sept 2020
Category: Miscellaneous
ID: 5501X