Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

OM Group Buys Vacuumschmelze From One Equity for $1 Billion

July 5 (Bloomberg) -- OM Group Inc., the world’s largest cobalt producer, will buy Vacuumschmelze GmbH & Co. KG from One Equity Partners LLC in a transaction worth about 700 million euros ($1 billion).

One Equity will receive $50 million in OM Group shares, equal to a 4 percent stake, under the terms of the agreement to purchase the Hanau, Germany-based maker of advanced materials and specialty magnetics for the automotive and electronics industries, the company said in a statement. The deal is expected to close by the end of the third quarter and is subject to regulatory approvals.

One Equity Partners, the private investment arm of JPMorgan Chase & Co., had bought Vacuumschmelze in 2005 for $529 million from Morgan Crucible Co. The takeover marks the largest purchase of a maker of advanced materials in at least a decade, according to Bloomberg data.

Vacuumschmelze had sales of about 389 million euros and an operating profit of 78 million euro in the 12 months ending March 31, and employs 4,500 people. OM Group will finance the deal through a combination of cash, stock and committed financing from Bank of America-Merrill Lynch, PNC Capital Markets LLC, and BNP Paribas SA.

To contact the reporter on this story: Richard Weiss in Frankfurt at

To contact the editor responsible for this story: Benedikt Kammel at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.