Carpenter Technology Corporation announced it has agreed to sell its ceramics operations to The Morgan Crucible Company, a UK-based advanced materials company. The sale of Certech and Carpenter Advanced Ceramics reflects Carpenter’s decision to focus on global markets for high-performing specialty alloy products. The transaction is expected to be completed in early 2008.
Certech produces complex injection molded ceramic components used in investment castings. Carpenter Advanced Ceramics produces technical ceramics, industrial ceramics and high-purity alumina and structural ceramic components.