secwatch.observer — SEC 8-K summary
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Issuer:     MATERION Corp (MTRN)
CIK:        0001104657
Form:       8-K
Filed at:   2021-09-20T23:59:59+00:00
Accession:  0001104657-21-000094
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Materion to acquire H.C. Starck's electronic materials business for $380M in cash
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- Acquiring HCS-Electronic Materials for $380M in cash; expected to close Q4 2021, subject to regulatory approval.
- Target generates ~$145M revenue and ~$29M adjusted EBITDA (~20% margin) in 2021.
- Deal is immediately accretive to Materion's adjusted EBITDA margin by ~100 bps and adjusted EPS.
- Acquisition financed through new term loan and revolver; pro forma net debt/EBITDA ~2.9x.
- Adds tantalum and niobium sputtering targets for semiconductor, industrial, and aerospace & defense markets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1104657/000110465721000094/0001104657-21-000094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1104657/000110465721000094/mtrn-20210919.htm
  HTML page:      https://secwatch.observer/filing/0001104657-21-000094

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer