Minco, Inc. is a leading manufacturer of premium-grade fused silica powders, a technical consumable used worldwide in industrial process applications including precision investment casting, technical ceramics, and specialty refractories.
Minco was owned by a private equity fund that, having held the company in its portfolio for over seven years, was seeking liquidity for its investment according to the fund's charter. A key consideration was finding a potential buyer that would support Minco's excellent growth prospects - the company had established strategic alliances with major industry partners, and was in the process of setting up a joint venture to enter the rapidly growing markets in China.
Minco was acquired by Ceradyne, Inc. a fast-growing company that develops, manufactures, and markets advanced technical ceramic products and components for defense, industrial, automotive/diesel, and commercial applications. As a long-time supplier to Ceradyne's Thermo Materials division, Minco fits well with Ceradyne's strategy of vertical integration and global expansion of its industrial base.