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Cinven announced the sale of CeramTec GmbH, a manufacturer of high performance ceramics, to a consortium led by BC Partners including PSP Investments and Ontario Teachers' Pension Plan. The consideration was undisclosed.
CeramTec has announced the acquisition of UK Electro-Ceramics, a specialist electro-ceramics manufacturer, from Morgan Advanced Materials PLC for £47 million in cash. The deal is expected to complete in April 2017.