SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Carborundum Universal to acquire 100% membership interest in SCP Inc

17 Sep 2024 Evaluate

Carborundum Universal (CUMI) has entered into a Purchase Agreement with M/s. Silicon Carbide Products Inc. (SCP Inc), Mr. Joshua J. Dahlman and Mr. Rick L Cleveland (the existing ‘Equity holders’ of SCP Inc) for acquiring 100% membership interest in SCP Inc through a Type-F reorganisation as provided under the US Internal Revenue Code (IRC) section 368(a)(1)(F). For the purposes of this acquisition, the Company would be incorporating a wholly owned subsidiary in USA which will be the SPV for the acquisition.

The completion of the acquisition is subject to meeting the closing conditions as per the terms of the Share Purchase Agreement. As a part of the Ceramics Business, CUMI -- the Company has been operating in the Refractories and Industrial Ceramics manufacturing space for over 5 decades. The products of CUMI and SCP will complement and significantly aid expansion of market share, geographical footprint beyond the Americas. The acquisition of SCP aligns with the strategic expansion plans of the Company.

Potential value is expected to be unlocked by utilizing the capabilities that reside across SCP and CUMI through technology co-operation between them and can deploy learnings, especially on process, forming, tooling, and application knowledge.

Carborundum Universal manufactures and sells mainly Abrasives, Ceramics (Industrial Ceramics, Refractories) and Electrominerals.

Carborundum Univer. Share Price

883.65 -4.25 (-0.48%)
16-Apr-2026 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×