skip to content

Bids, Mergers and Takeovers

MGAM to sell global Rotary business to Moog Inc

17 February 2017 07:09

Morgan Advanced Materials has agreed to sell its global Rotary Transfer Systems business to Moog Holding GmbH & Co. KG, whose ultimate parent company is Moog Inc.

The sale values the business at €40m on a cash- and debt-free basis, with consideration payable in cash at completion. Rotary Transfer Systems is principally located on two manufacturing sites at Antweiler, Germany, and Chalon, France.

In the year ended 31 December 2016, the Rotary business generated €4.7m of operating profit on €19.5m of sales. Gross assets at 31 December 2016 were €7.1m.

The divestment was in line with Morgan's strategy to simplify its portfolio and focus on global technology businesses of scale. Proceeds from the sale would be used for re-investment in the core business.

Story provided by

Related Company: MGAM

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?


Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.