Materion completes $380M acquisition of H.C. Starck’s electronic materials business

MATERION Corp

Acquired H.C. Starck’s electronic materials business for $380M cash on cash-free, debt-free basis.
Funded by $300M delayed draw term loan from new $375M revolving credit facility maturing Oct 2026.
HCS-Electronic Materials expected 2021 revenue ~$145M and adjusted EBITDA ~$29M (20% margin).
Acquisition adds 19% to Materion’s Value-Added Sales and adjusted EBITDA; immediately accretive.
Expands position as global supplier to semiconductor industry; complements thin film target solutions.

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