Elmet Technologies acquires HC Starck Solutions Americas
November 8, 2023
Elmet Technologies, headquartered in Lewiston, Maine, USA, has acquired HC Starck Solutions Americas, a leading manufacturer and supplier of tungsten and molybdenum metals and related alloys. With over 100 years of experience in manufacturing refractory metals, HC Starck Solutions has facilities located in Coldwater, Michigan, and Euclid, Ohio.
Elmet is part of the Anania & Associates Investment Company LLC (AAI) portfolio, and the only fully integrated, US owned and operated tungsten and molybdenum manufacturer. The combined business will offer a broadened portfolio for customers and result in a company with nearly 400 employees across its three facilities.
“Unifying our companies provides customers in defence, aerospace, medical, industrial furnaces, semiconductor, and other industries access to a single supplier with a more comprehensive portfolio of products and capabilities,” stated Peter Anania, chairman at AAI and Elmet CEO.
“Our organisation now provides a combined 200 years of best practices for increased supply-chain efficiency and resilience as well as improved quality, capability, and innovation. The consolidated portfolio now includes a breadth of capabilities and products from the largest extrusion press for refractory metals to fine wire thinner than a human hair. Combined rolling mill capabilities will increase overall capacity and provide shorter lead times to support the largest and most complex projects,” added Anania.
The merged company will continue to produce and supply all its existing product lines, including foil, sheet, plate, rod, blocks, bars, powder, cubes, and spheres. There are plans to broaden this product range even further, through investment in both the workforce and manufacturing capabilities throughout the company.
“We also anticipate the development of new advanced materials, components, and solutions as a result of our increased capabilities and combined resources and expertise,” said Scott Knoll, partner at AAI and Head of M&A and Strategy at Elmet. “To support that innovation, we have immediate plans to invest in expanding our workforce and manufacturing capabilities at all three of our US sites. These future investments will build on the success of recent investments across the group including state-of-the-art tungsten sphere and cube fragmentation production in Lewiston, spray dried and plasma densified Additive Manufacturing powders and 3D processing in Coldwater and new tungsten plate rolling technology in Euclid, Ohio. This combination will help ensure Made-in-the-USA continues in the tungsten and molybdenum sector for the next 100 years and beyond.”
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