Aug 28, 2025

Morgan Advanced Materials plc on the sale of Morgan’s India molten metals systems business to Vesuvius plc.

AZB & Partners is advising Morgan Advanced Materials plc (“Morgan”), the global manufacturer of advanced carbon and ceramic materials for complex and technologically demanding applications, on the sale of Morgan’s India molten metals systems business to Vesuvius plc (“Vesuvius”), as part of its global sale of its molten metals systems business. The transaction is structured as an acquisition of Morgan’s 75% shareholding in its Indian listed subsidiary, Morganite Crucible (India) Ltd (“MCIL”), by Vesuvius’ Indian listed subsidiary, Foseco India Ltd (“FIL”), with consideration for the acquisition being the issuance of new FIL shares to Morgan group shareholders in MCIL.

Our deal team comprises of our Senior Partner Daksh Trivedi, Partners Ankit Tandon and Aman Jain, and Associates Shivam Khanna and Srishti Kaushal. They were supported by Associates Sarthak Sharma, Ananya Dhawan, Sanjana Bhargava and Hansika Chopra, on the due diligence and certain other aspects; and Partners Sumit Mangal, Harpreet Singh Ajmani and Associates Radhika Sharma, Ashish Sarda and Meghna Mittal on the tax related aspects.

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