COORSTEK CLOSES ON AVON PROTECTION ASSETS IN LEXINGTON, KY
CoorsTek, a leading global manufacturer of advanced ceramics, announced today that it has closed on the acquisition of assets of Avon Protections Lexington, Kentucky facility on July 1, 2023. CoorsTek and Avon jointly announced the signing of the acquisition on December 5, 2022, with an anticipated close date by the end of 2023.
CoorsTek has been a long-time provider to the aerospace and defense industry. The acquisition enables CoorsTek to further support and engage with the defense industry, specifically on the development and manufacturing of technical ceramic plates essential for body and aircraft armor.
We are excited to have the employees in Lexington join our team along with adding the facilitys assets to our armor manufacturing business, said Timothy Coors, CoorsTek CEO. This investment complements our overall industry portfolio where we have invested over $50 million over the past two years, including a state-of-the-art advanced materials manufacturing campus in Benton, Arkansas.
The Lexington facility and its assets significantly expand the CoorsTek armor manufacturing capacity, supporting the companys growth strategy in the defense market. By investing in the Lexington facility, the company is increasing its commitment to both the industry and the region.
Our team here is thrilled to be joining CoorsTek and to continue building life-saving components for our military and first responders, said John Greer, Lexington Plant Manager. Were looking forward to having access to the ceramic expertise CoorsTek has within its broad portfolio.
The facility employs over 40 employees in the area, with more hiring expected later this year.
Founded in 1910, CoorsTek is a leading global manufacturer of technical ceramics. By leveraging expertise in engineering and materials science, CoorsTek provides solutions to complex technical challenges in the semiconductor, medical, automotive, aerospace, and other industries. With over 400 proprietary formulations, vertically integrated systems, and unparalleled process capabilities, CoorsTek partners with its customers to make the world measurably better. For further information, please visit us at www.CoorsTek.com.
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