GE Specialty Materials to Acquire Advanced Ceramics Corporation and Advanced Ceramics International Corporation

06-Sep-2002
WILTON, CONNECTICUT September 5, 2002 - GE specialty materials, a unit of General Electric Company, today announced that it has signed an agreement to acquire Advanced ceramics Corporation and Advanced Ceramics International Corporation (ACC and ACIC). Advanced Ceramics is a specialty, high temperature ceramics company. Advanced Ceramics is a leading global producer of boron nitride powders, shapes, and coatings as well as other specialty ceramics. Their products are used in a breadth of industries, ranging from semiconductors to cosmetics. This transaction, which is subject to regulatory approval, is expected to close in fall 2002. Advanced Ceramics, based in Cleveland, Ohio will become part of the GE Quartz business within GE Specialty Materials. Terms of the transaction were not disclosed.

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