Introduction
Vesuvius Plc (CKSNF) is another under the radar UK listed firm that specialises in a niche market and does not attract much press attention other than the sporadic broker rating. It develops and builds components for use in Steel (SLX) making. Founded in 1916, its history is rather uneventful with various breakthroughs in steel coupled with small accretive acquisitions. The most notable aspect of the firm’s history was the 2008 Foseco, a UK based foundry focused firm. This was the key driver in their UK listing.
Vesuvius specialises across two