Materion Corporation announced this week that it has completed the previously announced acquisition of the target materials business of the Heraeus Group, of Hanau, Germany, for approximately $30 million. The acquisition strengthens Materion's position in precious and non-precious target materials for MEMS, photovoltaic, display and semiconductor markets. The business, now operating within the Materion Advanced Materials business segment in Buffalo, New York is expected to generate approximately $50 to $60 million in new value-added sales on an annualized basis and be accretive to 2017 earnings. Materion Advanced Materials reported value-added sales of $176.3 million in 2016.
