1st Sep 2020 11:01
(Alliance News) - Morgan Advanced Materials PLC said Tuesday it has sold the assets of its Allentown, Pennsylvania facility to Best Engineered Surface Technologies LLC.
The company said the facility is used for its Diamonex business - which manufactures, among other products, chemical mechanical planarization pad conditioners. The unit also makes scratch and wear resistant windows and other coating products and services, including diamond like carbon coatings.
The Allentown site recorded revenue of GBP6.8 million in 2019.
Shares in Morgan Advanced Materials were down 3.8% in London on Tuesday at 222.12 pence each.
By Paul McGowan; [email protected]
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