secwatch.observer — SEC 8-K summary
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Issuer:     MATERION Corp (MTRN)
CIK:        0001104657
Form:       8-K
Filed at:   2021-11-01T23:59:59+00:00
Accession:  0001104657-21-000102
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1104657/000110465721000102/0001104657-21-000102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1104657/000110465721000102/mtrn-20211027.htm
  HTML page:      https://secwatch.observer/filing/0001104657-21-000102

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