December 1, 2022
CERATIZIT sells CERASPIN to Schaeffler
CERATIZIT S. A., Mamer, Luxembourg (headquarters), 1 December 2022
CERATIZIT S.A., a company of the Plansee Group, sold all their shares in CERASPIN to the automotive and industrial supplier Schaeffler effective December 1st, 2022. The former CERATIZIT subsidiary based in Livange, Luxembourg, has already been supplying ceramic components to the Schaeffler Group since 2004.
‘We are happy to have found in Schaeffler a financially sound and internationally operating buyer for CERASPIN, who will continue the production in Livange and take over the staff,’ says CERATIZIT Executive Board Member Frank Thomé about the completion of the transaction. For CERATIZIT, selling CERASPIN is a logical consequence of the strategic orientation of the Plansee Group, Thomé explains further: ‘The group-wide focus on the two strong metals tungsten and molybdenum means that silicon nitride no longer fits in with our core business.’
Premium products ‘Made in Luxembourg’
For more than 25 years CERASPIN has developed and produced premium ceramic products made from silicon nitride in Livange, Luxembourg. The majority of them are processed into rolling elements for various bearing applications. The roller bearings produced on this basis are used in growth markets like wind energy, railway, aerospace, medical systems, electronics as well as mechanical engineering. Roller bearings with ceramic components are characterised by low friction, reduced wear and particularly high precision. In addition, they are frequently used in applications which protect mechanical components against electrical current passage.
Both sides have agreed not to disclose the details of the transaction.
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CERATIZIT – with passion and a pioneering spirit for hard materials
For over 100 years, CERATIZIT has been a pioneer in developing exceptional hard material solutions for machining and wear protection. The private company, with registered offices in Mamer, Luxembourg, develops and produces highly specialised cutting tools, indexable inserts, rods made from hard materials and wear parts. The CERATIZIT Group is the global market leader in various application segments and successfully develops new carbide, cermet and ceramic grades, such as for wood and stone working.
With 7,000 employees at 30 production facilities and a sales network with over 50 branches, CERATIZIT is a global player in the carbide industry. The company's international network includes subsidiary Stadler Metalle and joint venture CB-CERATIZIT.
The technology leader is continually investing in research and development and holds 1,000 patents. Innovative hard material solutions from CERATIZIT are used in various sectors, including mechanical engineering and toolmaking, in the automotive and aerospace industries and in the oil, gas and medical industries.