Cooper Parry Corporate Finance and law firm Browne Jacobson have advised the shareholders of Dynamic-Materials (Ceramics) Limited on the sale of the company to Colorado headquartered CoorsTek Inc, the world’s largest technical ceramics manufacturer.
The deal for an undisclosed sum will allow Dynamic Ceramic to broaden its overseas customer base whilst enabling CoorsTek to further grow its international footprint as part of its global growth strategy.
Established in 1987 Dynamic Ceramic specialises in manufacturing resistant materials solutions made from alumina, zirconia, silicon carbide, silicon nitride, boron carbide, machinable ceramics, coatings, composites, and zirconia toughened alumina for a wide range of industrial sectors across the globe. The business is recognised as the UK’s leading producer in Transformation Toughened Zirconia Ceramics.
Established in 1910, CoorsTek is the world's largest technical ceramics manufacturer specialising in the aerospace, power generation & distribution, automotive, household goods, process control and monitoring, industrial equipment, oil & gas and electronics sectors. CoorsTek operates from 40 locations across North and South America, Europe and Asia.
Brian Irvine CEO of Dynamic-Materials Group Limited, based in the East Midlands said, “I am sure with the expertise of CoorsTek, Dynamic Ceramic will continue to grow successfully and play an ever increasing role in supplying high-end components to an international customer base and I look forward to watching the company enter into the next stage of its development”.
Cooper Parry Corporate Finance worked alongside corporate lawyers from Browne Jacobson, led by partner Richard Medd.
A few years ago Cooper Parry Corporate Finance and Browne Jacobson advised the management team of Dynamic-Materials Group Limited on a multi-million pound secondary management buyout.
David Browne of Cooper Parry Corporate Finance said, “This has been a true success story. Watching the shareholders develop the company over the last few years into its market leading position, then helping them realise value through this transaction continues to demonstrate that the corporate finance market is strengthening and certain sectors are attracting a lot of potential suitors, especially overseas buyers”.
Richard Medd, Corporate Lawyer at Browne Jacobson, commented, “This is an exciting transaction for our client as the company embarks on the next exciting stage of its development. Our own experience indicates that there is a healthy flow of mid–market deals in the pipeline and with this a renewed sense of optimism amongst the Midlands corporate finance community”.