Shareholders of the Cookson Group have endorsed the company’s estimated $987-million takeover of Foseco PLC. The merger, announced late last year, gained anti-trust clearance from the U.S. Dept. of Justice and European Commission earlier this month.
Cookson manufactures and supplies industrial ceramics (including the Vesuvius line of molten-metal filtration products), as well as surface-treatment and plating chemicals, and fabricated precious metals.
Foseco produces a range of consumables for the foundry and steel industries, including molten-metal conditioning, filtration, and flow-control products. Its foundry product lines include feeding systems, filters, metal treatments, inoculants, fluxes, and sand binders.
Cookson states it expects the takeover to be complete in early April.
Cookson Set to Complete Foseco Takeover
$987-million deal consolidates ceramics suppliers