Materion Corp

-0.44 (-0.61%)
Other Pre-Announcement, Mergers / Acquisitions

Materion To Acquire H.C. Starck’S Electronic Materials Portfolio

Published: 09/20/2021 11:12 GMT
Materion Corp (MTRN) - Materion to Acquire Hc Starck’s Electronic Materials Portfolio, Creating a Global Leader in Premium Thin Film Materials for the Semiconductor Market.
Materion Corp - Deal for Purchase Price of $380 Million.
Materion Corp - Hcs-electronic Materials is Expected to Generate Revenue of About $145 Million in 2021.
Materion Corp - Following Closing of Transaction, Hcs-electronic Materials Will Be Part of Co's Advanced Materials Segment.
Materion Corp - Expects to Finance Transaction Utilizing a New Term Loan Along With Borrowings From Its Revolving Credit Agreement.
Materion Corp - Deal is Expected to Be Immediately Accretive to Co's Adjusted EPS and Adjusted EBITDA Margins by 100 Basis Points.
Materion Corp - Transaction is Expected to Increase Annual Value-added Sales by Over 19%.
Materion Corp - Expects to Generate Strong Cash Flow and Deploy It Towards Deleveraging to Middle of Range Within 24 Months Post Close.