Materion to acquire H.C. Starck's electronic materials portfolio for $380 million
Clients Materion Corporation
Jones Day is advising Materion Corporation, a world leader in high performing advanced materials, on its acquisition of H.C. Starck Solutions' industry-leading, electronic materials business, located in Newton, Massachusetts ("HCS-Electronic Materials") for $380 million. The transaction is expected to close in the fourth quarter of 2021, subject to customary closing conditions, including regulatory approval. HCS-Electronic Materials is a leading provider of high-quality, high-purity tantalum sputtering targets, important in the manufacture of today’s leading-edge semiconductor chips. Building on Materion's existing portfolio of electronic materials and premium thin film target solutions, the acquisition will significantly enhance Materion's position as a leading supplier to the high-growth semiconductor industry.