Alent
{{Infobox company
| name = Alent plc
| logo = Alent logo.svg
| type = Public
| traded_as =
| foundation = 2012
| key_people = Peter Hill, Chairman
Andrew Heath, CEO
| industry =
| products = Performance materials
| revenue = £644.8 million (2014){{Cite web |url=http://www.alent.com/media/1214/alent-full-year-results-2014.pdf |title=Preliminary Results 2014 |access-date=2015-03-06 |archive-url=https://web.archive.org/web/20150402090632/http://www.alent.com/media/1214/alent-full-year-results-2014.pdf |archive-date=2015-04-02 |url-status=dead }}
| operating_income = £95.1 million (2014)
| net_income = £46.8 million (2014)
| num_employees = 2,600 (2014)
| parent =
| homepage =
| footnotes =
}}
Alent plc is a supplier of surface treatment plating chemicals and electronics assembly materials. The company was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until it was acquired by Platform Specialty Products in November 2015.
History
The company was established as a supplier of materials which facilitate electrical connectivity. It remained under the ownership of Alpha Inc until that group was acquired by Cookson Group in 1984.{{cite web|url=http://www.alent.com/about-us/history |title=History |publisher=Alent |accessdate=23 March 2014 |url-status=dead |archiveurl=https://web.archive.org/web/20140324015417/http://www.alent.com/about-us/history |archivedate=24 March 2014 }} The business was demerged when Cookson Group split into two businesses (Alent and Vesuvius plc) in December 2012.[https://www.telegraph.co.uk/finance/newsbysector/industry/9647889/Cookson-unveils-demerger-plans.html Cookson unveils demerger plans] The Telegraph, 1 November 2012
On 13 July 2015, it was announced that Platform Specialty Products would acquire Alent in a $2.1 billion deal. Following the acquisition the Enthone business (in addition to recently acquired businesses from OM Group, Inc.) will be merged with MacDermid to create a new market leader,{{cite web|url=http://ir.platformspecialtyproducts.com/releasedetail.cfm?releaseid=945053|title=Platform Specialty Products Corporation Announces Closing of the Acquisition of Alent plc|accessdate=2 June 2016|archive-url=https://web.archive.org/web/20160408134605/http://ir.platformspecialtyproducts.com/releasedetail.cfm?ReleaseID=945053|archive-date=8 April 2016|url-status=dead}} while the Alpha division will remain as a standalone business for the foreseeable future.{{cite web|url=http://www.finanzen.net/nachricht/aktien/Platform-Specialty-Products-PAH-Stock-Rises-After-2-1-Billion-Alent-Acquisition-4426161|title=Platform Specialty Products (PAH) Stock Rises After $2.1 Billion Alent Acquisition|work=finanzen.net|accessdate=14 July 2015}} The transaction was completed in November 2015.{{cite web|url=http://www.euroinvestor.com/news/2015/10/30/form-83-macdermid-performance-acquisitions-limited-a-wholly-owned-subsidiary-of-platform-specialty-products-corporation/13247382|title=MacDermid Performance Acquisitions Limited (a wholly owned subsidiary of Platform Specialty Products Corporation)|publisher=Euroinvestor|accessdate=1 December 2015}}
Operations
The company makes materials for the electronics, automotive, industrial/construction markets and comprises two business segments.
- Enthone Inc. (Surface Chemistries) - a supplier of electro-plating chemistry to electronic, automotive and industrial end-markets.
- Alpha Inc. (Assembly Materials) - a supplier of interconnect materials, primarily into the electronics market.