Magma Announces Joint Venture with Morgan Advanced Materials
Morgan’s Fired Refractory Shapes business, located in Bromborough, will merge with Magma Ceramics and Catalysts, forming a larger and more effective combined business with access to a wider technology base and significantly improved growth prospects. The joint venture will be led by Mark Stuckey, Managing Director of Magma Ceramics and Catalysts. Morgan Advanced Materials will take a 35 % shareholding in the combined business and will have a seat on the board. Magma Ceramics and Catalysts was formed in 2010 via a management buy-out of Dyson Industries fired ceramic shapes business. The company’s focus since then has been jointly on process improvement and substantive market focused growth of at least 50 % per year. Magma has expanded its ceramic production process knowledge into the area of catalyst technology, establishing a catalyst development facility in Sheffield and manufacturing facilities in Brazil and Vietnam. The combination of a high degree of production process knowledge with this technology is supporting the growth ambitions of the business. Magma has a pipeline of new products and market opportunities supporting continued high growth in both the ceramics and catalyst areas of the business.