Navigation Links
EaglePicher Corporation Completes Transaction to Sell EaglePicher Boron, LLC to Ceradyne, Inc. for $69 Million
Date:9/4/2007

INKSTER, Mich., Sept. 4 /PRNewswire/ -- EaglePicher Corporation (EaglePicher) today announced that it has completed its previously announced transaction to sell EaglePicher Boron, LLC (EP Boron) to Ceradyne, Inc. (Nasdaq: CRDN).

EP Boron, located in Quapaw, Oklahoma, has produced enriched boron isotopes and products containing other stable isotopes for the nuclear, semiconductor and hazardous materials industries. Its products include isotope B11, an additive to semiconductor grade silicon, and isotope B10, a neutron absorber.

Ceradyne develops, manufactures, and markets advanced technical ceramic products and components for defense, industrial, automotive/diesel, and commercial applications.

"EP Boron is a great complement to Ceradyne's existing assets, and I am pleased that this will provide a solid growth opportunity for the people and customers of Boron," said David Treadwell, president and CEO of EaglePicher. "I would like to recognize and thank the hard-working employees at EP Boron who contributed to making this transaction a success."

EP Boron sales were approximately $23 million in the fiscal year ending November 30, 2006. It is anticipated that the management team at EP Boron will remain in place. Over the last 18 months EaglePicher has focused on operational excellence and technological innovation throughout its business portfolio. It has also identified strategic players who could grow a particular business. "Ceradyne is an excellent example of that effort," said Treadwell.

"I am very excited to announce the completion of this transaction," said David Reed, Ceradyne's President of North American Operations. "Boron fits perfectly with Ceradyne's long-term strategy, and I look forward to Boron becoming an integral part of the Ceradyne team."

Jefferies Quarterdeck, a division of Jefferies & Company, Inc., acted as financial advisor to EaglePicher Corporation in this transaction.

EaglePicher Corporation, based in Inkster, Mich., operates businesses in automotive, defense, space, commercial power, and medical. Its other companies include Hillsdale Automotive, LLC; Wolverine Advanced Materials, LLC; EaglePicher Technologies, LLC; EaglePicher Medical Power, and EP Minerals, LLC. For more information, visit http://www.eaglepicher.com.


'/>"/>
SOURCE EaglePicher Corporation
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Chiron Corporation Gets US Contract To Produce Bird Flu Vaccines
2. iGATE Completes Phase I Testing Of Meningitis Vaccine
3. Delhi Hospital Completes 100 Liver Transplants
4. Roche Completes Acquisition of BioVeris
5. Drug May Make Breathing Easier for Millions
6. Hundred million dollar gift for malaria institute
7. George Bush pledges 200 million dollars for AIDS relief
8. Over Six Million HIV Infected People In South Africa- Finds A Survey
9. Hope for 11 million children facing death from illnesses
10. The forgotten epidemic killing millions
11. WHO and UNAIDS unveil plan to get 3 million AIDS patients on treatment by 2005
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/21/2017)... ... September 21, 2017 , ... In addition ... try taking a more holistic approach and use natural alternatives for all house ... collection is certified USDA guaranteeing that, the new line of essential oils, are ...
(Date:9/21/2017)... Va. (PRWEB) , ... September 21, 2017 , ... ... with a different approach to addiction recovery at a time when Virginia faces ... deaths resulting from drug overdose, a staggering increase of 38 percent from 2015, ...
(Date:9/20/2017)... ... September 20, 2017 , ... Reflections Recovery Center, a men-only ... The Joint Commission for chemical dependency and behavioral health services. , The Joint ... organizations that meet the commission’s rigorous standards. Accreditation by The Joint Commission is ...
(Date:9/20/2017)... Linda, CA (PRWEB) , ... September 20, 2017 , ... ... Loma Linda to their qualified network of medical professionals working on a personal injury ... Bone and Spine Surgery Inc brings these esteemed doctors’ vast experience with orthopedic injuries ...
(Date:9/20/2017)... ... September 20, 2017 , ... ... innovation, the company recently unveiled a redesigned website. The new site – still ... of building owners, architects, contractors and other industry users that Garland serves. , ...
Breaking Medicine News(10 mins):
(Date:9/6/2017)...   PDI , a leader in infection prevention ... educational session focused on the role of chlorhexidine gluconate ... the 2017 Annual Scientific Meeting of the Association for ... the Phoenix Convention Center in ... will also feature PDI,s Prevantics® Device Swab ...
(Date:9/5/2017)... 5, 2017 Sapheneia and Scannerside received FDA ... DoseCheck is a third-party Vendor neutral CT product that ... allows compliance with current MITA standards. ... DoseCheck solution is specifically designed to provide CT operators, ... radiation doses over a predefined threshold. Scannerside Dose Check ...
(Date:9/5/2017)... , Sept. 5, 2017  Just 18 months ... Insight is pleased to announce the appointment of three ... Tammy Wynne , Dominic Jones-Phillips and ... industry. Tammy ... team of market access writers. She has over ten ...
Breaking Medicine Technology: