Materion Corporation Acquires Aerospace Metal Composites Limited

march 13 2012

Materion Corporation 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, “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."

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