ESK Ceramics, a German-based subsidiary of Ceradyne, has obtained a minority interest in Netherland-based Chemtrix for an undisclosed amount.
The transaction will have an immaterial impact on Ceradyne's fully diluted earnings per share during 2012, according to the Ceradyne.
Ceradyne vice president and ESK president Thomas Juengling said that the combination of flow-chemistry knowledge and R&D laboratory equipment at Chemtrix and Ceradyne's industrial reactor manufacturing know-how will accelerate the adoption of this technology.
Chemtrix CEO Hugo Delissen said, "Chemtrix and ESK are ideal partners for jointly developing this emerging market. We will be able to deliver the equipment and the knowledge needed to enable customers integrating this new efficiency increasing technology into their production lines."
Chemtrix develops equipment and services based on the concept of executing R&D and process development in micro reactors with a direct scale to larger quantity production in mid-size reactors. ESK provides flow-chemistry reactors suitable to produce on an industrial scale.
With the collaboration, the companies expect to offer a complete portfolio of scalable flow-chemistry equipment and services to the pharmaceutical and fine-chemical industry.