Goodbye Cookson, hello Vesuvius
is dead, in name at least. The fast-growing performance materials division - Alent (ALNT) - has finally been cut loose and the remaining business making pipes, valves and furnace linings for the steel industry is renamed Vesuvius (VSVS). Shareholders now own an equal stake in both companies and, initially at least, the trick of unlocking value looked to have worked.
By Lee Wild,
20 December 2012