German Cartel Office Approves Acquisition of Unaxis Materials by W. C. Heraeus

17-May-2002

Hanau, Germany, May 16, 2002. W. C. Heraeus GmbH & Co. KG, a subsidiary of the globally active precious metals and technology group Heraeus Holding GmbH, can now acquire all of the shares in the Hanau-based Unaxis Materials Deutschland GmbH from the Swiss Unaxis Group as well as certain assets of the U.S. company Unaxis Materials Inc. The respective agreement has now been approved by the German Cartel Office.

Unaxis Materials specializes in the production of materials for thin film technology. The product program encompasses coating materials for sputtering and evaporation processes that are above all used for coating architectural glass. It also offers coating materials for flat-screen displays, data storage, electronic components and tools, and for decorative purposes.

The company will be will be consolidated with the Thin Film Materials Division (TFD) of W. C. Heraeus, which concentrates on the production of sputter targets for large area coating, electronics, data storage, displays, abrasion resistance, and decorative coatings. Excluding the precious metals share, this division will then generate sales of more than € 70 million.

With just under 2,600 employees worldwide, the Hanau-based W. C. Heraeus GmbH & Co. KG processes the precious metals gold, silver, platinum, and other platinum group metals primarily into industrial products. The companies in Europe, North America, and Asia include production facilities for all levels of precious metals production and processing. Moreover, W. C. Heraeus has several decades of experience in industrial precious metals trading and commands a leading position in this market.

https://www.chemeurope.com/en/news/10764/german-cartel-office-approves-acquisition-of-unaxis-materials-by-w-c-heraeus.html