Materion (NYSE: MTRN) announced today that it has agreed to purchase manufacturing assets for tantalum solutions in Dangjin City, South Korea, from Konasol, a Korean manufacturer serving the semiconductor and adjacent markets.
This strategic investment expands Materion’s global footprint with a facility in Asia to better serve semiconductor customers in that region. The transaction includes a newly constructed, state-of-the-art facility with specialized equipment used to produce fully finished tantalum sputtering targets.
This acquisition strengthens Materion’s position as a leading supplier of tantalum targets, increasing capacity to supply high growth critical deposition materials used in leading-edge semiconductor chips, including those used in high-performance computing and artificial intelligence applications.
“Materion has been a strategic partner to the global semiconductor industry for nearly four decades,” said Jugal Vijayvargiya, President and Chief Executive Officer. “The acquisition strengthens our footprint in Asia to support and service global Tier I semiconductor customers and expands our position as a leading global supplier of deposition materials.”
The transaction is subject to regulatory review and is expected to close within 90 days. Please refer to our investor presentation at Materion.com/Investors for more information.
About Materion
Materion Corporation is a global leader in advanced materials solutions for high-performance industries including semiconductor, industrial, aerospace & defense, energy and automotive. With nearly 100 years of expertise in specialty engineered alloy systems, inorganic chemicals and powders, precious and non-precious metals, beryllium and beryllium composites, and precision filters and optical coatings, Materion partners with customers to enable breakthrough solutions that move the world forward. Headquartered in Mayfield Heights, Ohio, the company employs more than 3,000 people worldwide, serving customers in more than 60 countries.
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Contacts
FOR FURTHER INFORMATION, PLEASE CONTACT:
Media
Scott Tennant
(216) 383-4933
scott.tennant@materion.com
Investors
Kyle Kelleher
(216) 383-4931
kyle.kelleher@materion.com
