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Stock impact report

Materion Corporation Completes Heraeus Target Materials Acquisition

Materion Corporation (MTRN) 
Last materion corporation earnings: 4/23 07:53 am Check Earnings Report
US:NYSE Investor Relations: investor.materion.com/investor-relations
Company Research Source: Business Wire
MAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)-- Materion Corporation (NYSE:MTRN) announced today that it has completed the previously announced acquisition of the target materials business of the Heraeus Group, of Hanau, Germany, for approximately $30 million. The acquisition strengthens Materion’s position in precious and non-precious target materials for the architectural and automotive glass, photovoltaic, display and semiconductor markets. The business, now operating within the Materion Advanced Materials business segment, 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. Through this transaction, Materion’s Advanced Materials segment gains target manufacturing capability in Europe, Asia and the U.S., as well as new technologies Show less Read more
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