MAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)--
Materion Corporation (NYSE:MTRN) announced today that it has completed
the acquisition of Aerospace Metal Composites Limited (AMC) of
Farnborough, England. Terms were not disclosed.
AMC is a leading producer of unique, high performance ultrafine
particulate reinforced metal matrix composites, comprised primarily of
aluminum materials. AMC materials are available as billet, plate,
forging stock, bulk and precision extrusions. AMC supplies its products
to a large variety of customers and applications including performance
automotive, aerospace, defense and precision/high speed machinery.
AMC will be managed through the Beryllium and Composites segment of the
Company. The AMC product line is complementary to Materion's powder
metal-derived beryllium metal-based product lines, including AlBeMet™.
Commenting on the acquisition, Richard J. Hipple, Materion Corporation
Chairman, President and CEO, said, "We are excited to welcome AMC to the
Materion organization. There are important technology and marketing
synergies among the AMC and Materion businesses which can be leveraged
to capture future growth. AMC augments our technology and allows us to
provide new material solutions for our customers. We expect this
acquisition to enable us to expand our platform of applications in the
aerospace and defense markets, and possibly the semiconductor equipment
market. Further, current AMC customers will benefit from the global
range of Materion's R&D, manufacturing and distribution capabilities."
Materion Corporation, 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. Headquartered in Mayfield Heights, Ohio,
the Company serves customers in more than 50 countries. It has
operating, service center and major office locations throughout North
America, Europe and Asia, and employs approximately 3,000 people
worldwide.
Materion Corporation
Investor Contact:
Michael
C. Hasychak, 216-383-6823
mike.hasychak@materion.com
or
Media
Contact:
Patrick S. Carpenter, 216-383-6835
patrick.carpenter@materion.com
http://www.materion.com
Mayfield
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Source: Materion Corporation
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