Business
Acquisition of Brazilian Mold Flux business
Acquisition of Brazilian Mold Flux business.
About this update from Vesuvius Plc
[{"type":"text","content":"\n \nRNS Number : 6514S Vesuvius plc 22 December 2016 \n\n \n \nVesuvius plc\nAcquisition of Brazilian Mold Flux business\n \nVesuvius plc announces the completion of an acquisition of the Brazilian leader in mold and tundish fluxes for a total consideration of £9.2 million. The acquisition represents a further strategic step in broadening the Steel Flow Control offering in an important product line for the Group. Fluxes are used in the continuous casting of steel and this acquisition is a complimentary add on to the previous acquisition of Metallurgica. The transaction completed earlier this month and will be funded from existing financial resources.\n\nFrancois Wanecq, CEO of Vesuvius plc commented:\n \n\"This is a valuable addition to our portfolio and customer offering. I am pleased to welcome the flux business management team to Vesuvius and look forward to their contribution to the regional and global growth of Vesuvius.\" \n \nAbout Vesuvius plc\n \nVesuvius is a global leader in molten metal flow engineering principally serving the steel and foundry industries.\n \nWe develop innovative and customised solutions, often used in extremely demanding industrial environments, which enable our customers to improve their manufacturing processes, enhance product quality and reduce energy consumption. These include flow control solutions, advanced refractories and other consumable products and - increasingly - related technical services including data capture.\n \nWe...