sur Fiven ASA
Binding Agreement for the Sale of Fiven
Fiven, a worldwide leading producer of Silicon Carbide (SiC), announced that its owner, OpenGate Capital, has entered into a binding agreement to sell Fiven to Kymera International. Kymera is a portfolio company of Palladium Equity Partners, LLC. The financial terms of the agreement were not disclosed.
OpenGate acquired Fiven in 2019 from Saint-Gobain. Fiven’s SiC grains and powders, known for their exceptional hardness, thermal resistance, and chemical inertness, serve a global customer base across diverse industries. These include metallurgy, refractories, abrasives, and filtration. Headquartered in Oslo, Fiven operates manufacturing facilities in Norway, Belgium, and Brazil.
The transaction awaits regulatory approval and is expected to close in Q3 2024.
R. E.
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