Cookson, the materials science firm, has sold its American precious metals business to investment guru, Warren Buffett.
The actual purchaser is Richline, an offshoot of Buffetts's Berkshire Hathaway vehicle.
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The gross assets of the businesses being acquired by Richline are about $69.8m (£44.4m) with Cookson's profitable European precious metals operation unaffected by the transaction.
The disposal has seen Cookson shares climb 5% in morning trading. Over the last 12 months, the stock is ahead by 7%.
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