2nd Feb 2007 07:01
Cookson Group PLC02 February 2007 COMPLETION OF MONOFRAX SALE FOR US$45 MILLION Further to its press release of 19 December 2006, Cookson Group plc ("Cookson"),a leading materials science company, confirms that on 1 February 2007 itcompleted the sale of the business and assets of Monofrax Inc. ("Monofrax"). Monofrax, a US-based fused cast refractories business which formed a separatepart of the Ceramics division, was sold to RHI AG ("RHI") for US$45m (£23million*). The purchase price was satisfied by an assumption by RHI of pension,retirement medical and other liabilities of US$10 million (£5 million*) with thebalance satisfied by cash of US$35 million (£18 million*). Notes: * translated at an exchange rate of US$1.97/£1 For further information please contact:Shareholder/analyst enquiries:Nick Salmon, Chief Executive Cookson Group plcMike Butterworth, Group Finance Director Tel: +44 (0)20 7822 0000Isabel Luetgendorf, Investor Relations Manager Media enquiries:John Olsen Hogarth Partnership Tel: +44 (0)20 7357 9477 About Cookson Group plc Cookson Group plc is a leading materials science company operating on aworldwide basis in Ceramics, Electronics and Precious Metals markets. The Ceramics division is the world leader in the supply of advanced flow controlrefractory products and systems to the global steel industry and a leadingsupplier of specialist ceramic products to the glass and foundry industries. Itis also the regional leader in the US, UK and Australia in the supply andinstallation of monolithic refractory linings. The Electronics division is a leading supplier of advanced surface treatment andplating chemicals and assembly materials to the automotive, construction andelectronics markets. The Precious Metals division is the leading supplier of fabricated preciousmetals (gold, silver, platinum, etc.) to the jewellery industry in the US, theUK, France and Spain. Products include alloy materials, semi-finished jewellerycomponents and finished jewellery. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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