Resumen de Cookson announces refractories unit demerger and board shuffle
"The demerger is the best option for maximising the business," Nick Salmon, CEO, said.
The demerger is in the "best interests of the business," the company outlined in its investor presentation as it will "allow Vesuvius and Alent to pursue their strategic objectives independently".
"The engineered ceramics and performance materials divisions of Cookson are separate businesses with very limited operational or end-market overlap and few, if any, operational synergies between themselves," the company added.
