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The Heraeus acquisition, effective December 31, 2009, will see the transfer of cermet thick-film technology, products and customers from LORD in Elverson, Pa., to Heraeus Materials Technology LLC in Conshohocken, Pa. With the acquisition, it is expected that the W. C. Heraeus Thick Film Materials Division will strengthen its position as a global supplier by enhancing its product offering and ensuring a robust product portfolio able to support future growth. The move reflects an ongoing Heraeus strategy to add customer value from a market-leading position and further emphasizes long-term commitment to the thick-film business. LORD will retain its polymeric thick-film product line.
“The LORD cermet thick-film production line fits well to the Heraeus portfolio,” said Ralf Droste, Ph.D., vice president of the Thick Film Materials Division. “In addition to strengthening our activities in North America, we have gained access to comprehensive know-how that will decidedly advance our development of new products.”
According to Roland Gerner, Ph.D., managing director of W. C. Heraeus, “In today’s difficult market environment, this acquisition demonstrates our company’s capacity for growth. We at Heraeus intend to continue expanding our business in promising markets worldwide.”
Visit www.heraeus.com for more information.