CERAM Completes Acquisition of The M&P Lab

On December 14, 2006, CERAM Research, Ltd of Stoke-on-Trent, UK completed its acquisition of The M&P Lab. The acquisition culminated a 4-year partnership between the two companies, which began as a marketing collaboration agreement. CERAM has for some years been pursuing a strategy of geographic diversity, targeted at increasing operational activities, revenues and earnings in the US. The size of the US economy and the fact that within the US there are many companies involved with high technology, added-value, products makes it an attractive area for the types of services that CERAM, and The M&P Lab, provide.

In driving this strategy forward CERAM’s preferred route has been to look to acquire an operating company in the USA, with its assets, human resources, and infrastructure, rather than look to start up on a greenfield site. The M&P Lab, with its main base in Schenectady, New York and satellite operation in Greenville, South Carolina offers CERAM the opportunity it has been seeking. The two companies operate similar services, with similar types of professional staff delivering services into largely non-overlapping market sectors. The M&P Lab will operate as a wholly-owned subsidiary of CERAM.

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