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Yorkshire manufacturing firm Magma is acquired by US-based Unicat


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Mark Stuckey, Magma’s chief executive officer and founder, will oversee the enlarged business, with Mani Erfan, co-founder of Unicat, staying on as the chief technical officer.
“Magma’s pioneering catalyst technology delivers unparalleled energy efficiency and production yield benefits to our customers around the world,” said Mr Erfan. “This transaction will expand on our existing partnership by bringing complementary products and manufacturing capability into one portfolio.”
“Unicat is an expert in developing and distributing innovative catalyst solutions with high-tech technical support,” said Mr. Stuckey. “I am excited to partner with the Unicat team to realise the many opportunities this combination will offer to both customers and employees.” ....

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PE-backed Unicat acquires Magma Group

PE-backed Unicat acquires Magma Group
pehub.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pehub.com Daily Mail and Mail on Sunday newspapers.

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Unicat Catalyst Acquires Magma Group


Unicat Catalyst Acquires Magma Group
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Unicat Catalyst Technologies, a Portfolio Company of White Deer Energy, Completes Acquisition of Magma Group
“Magma’s pioneering catalyst technology delivers unparalleled energy efficiency and production yield benefits to our customers around the world,” said Mr. Erfan.
HOUSTON (PRWEB)
April 29, 2021
Unicat Catalyst Technologies (“Unicat”), a portfolio company of White Deer Energy (“White Deer”), has announced the acquisition of Jemmtec Limited, dba Magma Group, (“Magma or “the Company”). Magma is a UK-based leader in ceramics and catalyst manufacturing and related services. Unicat, headquartered in Alvin, TX, is a global supplier of heterogeneous catalyst products and technical services. Together, the combined businesses will offer vertically-integrated global manufacturing and distribution of innovative catalyst and cer ....

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Poonawallas, ICICI Venture, others back Magma HDI


Poonawallas, ICICI Venture, others back Magma HDI
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Poonawallas, ICICI Venture, others back Magma HDI
TNN / Updated: Mar 17, 2021, 10:58 IST
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Adar Poonawalla, CEO, Serum Institute of India (File photo)
MUMBAI: The Poonawallas of the Serum Institute, together with ICICI Venture and Morgan Stanley PE Asia, have invested Rs 525 crore in Magma HDI General Insurance part of the Magma Group, which was acquired by the vaccine maker last month.
“I see huge potential in the growth of Magma HDI, which is a young and fast-growing company. We are confident that it can reach its full potential in the next few years,” said Serum Institute CEO Adar Poonawalla. Magma HDI is a joint venture between Magma Group and German insurer HDI. The latest transaction involves the buyout of existing promoters for Rs 275 crore and an infusion of Rs 250-crore fresh equity in the company. ....

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