Materion acquires Heraeus target materials for its semiconductor and other markets
March 20, 2017
Source: ASM International
Materion Corp., Mayfield Heights, Ohio, announces that it has acquired the target materials business of the Heraeus Group to strengthen its position in precious and non-precious target materials for the semiconductor, architectural and automotive glass, photovoltaic, and display markets. Through this transaction, Materion's Advanced Materials segment gains target manufacturing capability in Europe, Asia, and the United States, as well as new technologies and a highly specialized workforce of 135 employees.
The business is now operating within the Materion Advanced Materials business segment. It is expected to generate approximately $50 to $60 million in new value-added sales on an annualized basis, and be accretive to 2017 earnings. Materion Advanced Materials reported value-added sales of $176.3 million in 2016.
According to Donald G. Klimkowicz, President, Materion Advanced Materials, "Beyond accelerating and solidifying our global materials products in semiconductor and display, the acquisition provides diversification, critical mass, and new opportunities in other growing target-related areas where Materion has not enjoyed as strong a position, including glass and photovoltaic. This truly is a winning combination."
Added Materion Chief Executive Officer Richard J. Hipple, "This transaction is the latest in a series of advanced materials acquisitions made by Materion since 2005 to augment our growth and further our diversification into a leading advanced materials organization. "
Materion Corporation is headquartered in Mayfield Heights, Ohio. The Company, through its wholly owned subsidiaries, supplies highly engineered advanced enabling materials to global markets. Products include precious and non-precious specialty metals, inorganic chemicals and powders, specialty coatings, specialty engineered beryllium alloys, beryllium and beryllium composites, and engineered clad and plated metal systems.
Industries and Applications | Electronics
Materials Processing and Treatment | Coating
Materials Processing and Treatment | Surface Engineering
Metals and Alloys | Precious Metals