As previously disclosed, on December 2, 2016, Materion Corporation (“Materion”) and Heraeus Holding GmbH (“Heraeus”) entered into an asset purchase agreement to which Materion agreed to acquire Heraeus’ high-performance target materials business (the “Business”). On March 1, 2017, Materion completed the acquisition of the Business for €27.5 million (approximately $30.0 million), which is subject to working capital and other adjustments.

About Materion Corporation (NYSE:MTRN)

Materion Corporation is a holding company. The Company is an integrated producer of engineered materials used in a range of electrical, electronic, thermal and structural applications. The Company’s products are sold in markets, including consumer electronics, industrial components, medical, automotive electronics, energy, telecommunications infrastructure, defense and commercial aerospace. The Company’s segments include Performance Alloys and Composites, Advanced Materials and Other. The Performance Alloys and Composites segment include performance metals and technical materials. The Advanced Materials segment produces chemicals, microelectronics packaging, precious metal, non-precious metal and specialty metal products, including vapor deposition targets, frame lid assemblies, clad and precious metal pre-forms, temperature braze materials and wire. The Other segment includes precision optics and large area coatings. The Company has operations in the United States, Europe and Asia.

Materion Corporation (NYSE:MTRN) Recent Trading Information

Materion Corporation (NYSE:MTRN) closed its last trading session up +1.15 at 36.00 with 118,760 shares trading hands.