Alent
 | |
| Company type | Public |
|---|---|
| Founded | 2012 |
| Headquarters | Woking, Surrey |
Key people | Peter Hill, Chairman Andrew Heath, CEO |
| Products | Performance materials |
| Revenue | £644.8 million (2014)[1] |
| £95.1 million (2014)[1] | |
| £46.8 million (2014)[1] | |
Number of employees | 2,600 (2014) |
| Subsidiaries | Fernox[2] |
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.
History
[edit]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
[edit]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
[edit]- ^ a b c "Preliminary Results 2014" (PDF). Archived from the original (PDF) on 2015-04-02. Retrieved 2015-03-06.
- ^ "Fernox celebrates 50 years with a big £50k anniversary prize". ExpoClima. 30 January 2014. Retrieved 31 January 2015.
- ^ "History". Alent. Archived from the original on 24 March 2014. Retrieved 23 March 2014.
- ^ a b Cookson unveils demerger plans The Telegraph, 1 November 2012
- ^ "Platform Specialty Products Corporation Announces Closing of the Acquisition of Alent plc". Archived from the original on 8 April 2016. Retrieved 2 June 2016.
- ^ "Platform Specialty Products (PAH) Stock Rises After $2.1 Billion Alent Acquisition". finanzen.net. Retrieved 14 July 2015.
- ^ "MacDermid Performance Acquisitions Limited (a wholly owned subsidiary of Platform Specialty Products Corporation)". Euroinvestor. Retrieved 1 December 2015.