Höganäs AB has signed an agreement to acquire H.C. Starck Group’s Surface Technology & Ceramic Powders (STC) division. STC manufactures a wide variety of thermal spray powders and complementary coating technology materials, as well as ceramic and metal powders. The company has two production facilities in Germany and currently operates as a legally separated stand-alone division within the H.C. Starck Group.
In addition to its extensive non-oxide ceramic powder portfolio for advanced ceramics and high-end applications, STC’s atomised metal powders are targeted at a broad scope of innovative technologies including Additive Manufacturing, Hot Isostatic Pressing, Metal Injection Moulding, Laser Cladding and Plasma Spraying.
“STC is an exciting company with attractive growth potential and a good strategic fit for Höganäs,” stated Fredrik Emilson, Höganäs CEO. “STC’s broad product portfolio and strong trademarks will expand our existing product portfolio and add significant product development capabilities and know-how to Höganäs.”
“The acquisition of STC also enables us to get access to new customer segments within aerospace and adds a complementary geographic fit with STC’s strong presence in Europe in addition to our strong geographical presence in Asia and Americas,” he continued.
“STC’s extremely competent workforce, together with significant development capabilities, will enable us to support our customers more and help them bring new applications to the market. We look forward to welcoming our new colleagues to Höganäs and to collectively work towards achieving our targets and cement our position as the world’s leading manufacturer of metal powders.”
The closing of the transaction is expected during the first half of 2018 and is subject to the approval of relevant authorities.