Alent

Alent plc is a supplier of surface treatment plating chemicals and electronics assembly materials. The Company was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until it was acquired by Platform Specialty Products in November 2015.

Alent plc
TypePublic
Founded2012
HeadquartersWoking, Surrey
Key people
Peter Hill, Chairman
Andrew Heath, CEO
ProductsPerformance materials
Revenue£644.8 million (2014)[1]
£95.1 million (2014)[1]
£46.8 million (2014)[1]
Number of employees
2,600 (2014)
SubsidiariesFernox[2]

History

The company was established as a supplier of materials which facilitate electrical connectivity. It remained under the ownership of Alpha Inc until that group was acquired by Cookson Group in 1984.[3] The business was demerged when Cookson Group split into two businesses (Alent and Vesuvius plc) in December 2012.[4]

On 13 July 2015, it was announced that Platform Specialty Products would acquire Alent in a $2.1 billion deal. Following the acquisition the Enthone business (in addition to recently acquired businesses from OM Group, Inc.) will be merged with MacDermid to create a new market leader,[5] while the Alpha division will remain as a standalone business for the foreseeable future.[6] The transaction was completed in November 2015.[7]

Operations

The company makes materials for the electronics, automotive, industrial/construction markets and comprises two business segments.[4]

  • Enthone Inc. (Surface Chemistries) - a supplier of electro-plating chemistry to electronic, automotive and industrial end-markets.
  • Alpha Inc. (Assembly Materials) - a supplier of interconnect materials, primarily into the electronics market.

References
  1. "Preliminary Results 2014" (PDF). Archived from the original (PDF) on 2015-04-02. Retrieved 2015-03-06.
  2. "Fernox celebrates 50 years with a big £50k anniversary prize". ExpoClima. 30 January 2014. Retrieved 31 January 2015.
  3. "History". Alent. Archived from the original on 24 March 2014. Retrieved 23 March 2014.
  4. Cookson unveils demerger plans The Telegraph, 1 November 2012
  5. "Platform Specialty Products Corporation Announces Closing of the Acquisition of Alent plc". Archived from the original on 8 April 2016. Retrieved 2 June 2016.
  6. "Platform Specialty Products (PAH) Stock Rises After $2.1 Billion Alent Acquisition". finanzen.net. Retrieved 14 July 2015.
  7. "MacDermid Performance Acquisitions Limited (a wholly owned subsidiary of Platform Specialty Products Corporation)". Euroinvestor. Retrieved 1 December 2015.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.