An affiliate of Channel Technologies Group LLC (CTG) recently announced it has acquired the assets of H.C. Materials Inc. and its affiliates from Pengdi Han, Ph.D. As part of the acquisition, Han will become an equity owner of CTG, as well as an active board member. CTG is a portfolio company of Blue Wolf Capital Fund II, L.P.

The acquisition reportedly enables CTG to capitalize on HCM’s global recognition and leadership in the piezoelectric single-crystal arena, especially within the medical ultrasound market. It also consolidates CTG’s position as a global leader in the ceramic-based piezoelectric industry. 

“This is an important strategic step for CTG as we continue to grow in mission-critical segments of the defense, energy and medical technology sectors,” said Ralph L. Phillips, CEO of CTG. “The addition of H.C. Materials’ single-crystal technology strengthens our advanced materials segment, as well as our ability to deliver the high-quality, state-of-the-art technological applications demanded by our customers. We welcome H.C. Materials to the CTG team and are excited to expand the suite of cutting-edge solutions we are able to offer our customers.”

“By combining the capabilities of our two companies, we can further innovate and better address our customers’ needs,” said Han, founder and president of H.C. Materials. “The core processes and techniques developed by H.C. Materials provide it with a leading global position. We are very excited about working with our new partners at Channel Technologies to create new applications for single-crystal piezoceramics.”

HCM’s operations will remain in its current Bolingbrook, Ill., location. CTG will continue to invest in research and development into next-generation applications for piezoelectric ceramics and single-crystals in both Bolingbrook and Santa Barbara, Calif.

For more information, visit www.hcmat.com or www.channeltechgroup.com.