{"id":8363,"date":"2008-12-19T00:00:00","date_gmt":"2008-12-19T04:00:00","guid":{"rendered":"https:\/\/livingstagenew.wpenginepowered.com\/transaction\/filtering-the-globe-for-cookson-divestment\/"},"modified":"2026-06-25T13:11:21","modified_gmt":"2026-06-25T17:11:21","slug":"filtering-the-globe-for-cookson-divestment","status":"publish","type":"transaction","link":"https:\/\/livingstonepartners.com\/en\/transaction\/filtering-the-globe-for-cookson-divestment\/","title":{"rendered":"Filtering the globe for Cookson divestment"},"content":{"rendered":"\n<p>Livingstone&#8217;s Industrial sector team has successfully completed the sale of Hi-Tech Ceramics, a wholly-owned subsidiary of UK listed company Cookson Group plc, to S\u00fcd-Chemie AG, a global manufacturer of specialty chemicals based in Munich, Germany.<\/p><p>The deal was driven by Livingstone&#8217;s Chicago team and is the second trans-Atlantic divestment handled by Livingstone on behalf of Cookson, following the sale of refractories manufacturer Monofrax to Austrian group RHI in 2007. During a 25-year history in Alfred, New York, Hi-Tech has developed a significant presence in the global filter industry, serving a diverse base of global casters, steel and iron foundries, and equipment manufacturers such as Alcoa, Caterpillar, and Precision Castparts Corp.<\/p><p>S\u00fcd-Chemie emerged as the buyer from a global marketing process. The divestiture of Hi-Tech was a condition attached to the European Commission\u2018s anti-trust approval of Cookson\u2019s $1.2 billion acquisition Foseco plc, a leading global supplier of consumable products and services for the foundry and steel industries, in early 2008.<\/p><p><strong>\u201cWe\u2019re proud to have again been selected by Cookson to manage this important divestiture, and to post another successful cross border tombstone for an important corporate client,\u201d<\/strong> said David Sulaski, Partner at Livingstone Chicago. <strong>\u201cHi-Tech will strengthen S\u00fcd-Chemie\u2019s position as a leading manufacturer of foundry consumables for the global marketplace.\u201d <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":2910,"template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"client-type":[],"region":[],"sector":[],"service":[],"transaction-type":[],"class_list":["post-8363","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":{"team_members":[1190],"date":"20081219","client_type":40,"type":[1111],"region":[376,370,369],"services":[434],"sectors":[637],"related_transactions":"","related_testimonials":"","contacts":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Filtering the globe for Cookson divestment - Livingstone Partners<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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