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MAYFIELD HEIGHTS, Ohio - Materion Corporation (NYSE:MTRN), a materials company with a market capitalization of $1.75 billion and annual revenue of $1.72 billion, has completed its acquisition of manufacturing assets for tantalum solutions in Dangjin City, South Korea, the company announced Wednesday.
The acquisition, which was previously announced, expands Materion’s global footprint with a facility in Asia aimed at supporting semiconductor customers. The company said the move strengthens its position as a supplier of deposition materials. According to InvestingPro data, Materion maintains strong financial health with a current ratio of 2.84, indicating robust liquidity to support its expansion initiatives.
The manufacturing assets are specifically designed for tantalum solutions serving the semiconductor market, according to the company’s press release statement.
Materion, headquartered in Mayfield Heights, Ohio, describes itself as a provider of advanced materials solutions for industries including semiconductor, industrial, aerospace and defense, energy, and automotive sectors. The company has demonstrated consistent shareholder returns, having maintained dividend payments for 14 consecutive years with a recent dividend growth rate of 7.69%.
The company employs more than 3,000 people worldwide and serves customers in over 60 countries. Materion has been in operation for nearly 100 years, specializing in engineered alloy systems, inorganic chemicals and powders, metals, beryllium products, and precision filters and optical coatings.
No financial details of the transaction were disclosed in the announcement.
In other recent news, Materion Corporation has announced its acquisition of manufacturing assets in Dangjin City, South Korea, from Konasol. This strategic move is set to enhance Materion’s capabilities in the semiconductor sector in Asia, pending regulatory approval expected within the next 90 days. Additionally, the company has appointed Melissa A. Fashinpaur as its new Chief Accounting Officer, effective June 1, 2025, following her role as Vice President, Internal Audit. Materion’s Board of Directors has also declared an increase in the quarterly dividend to $0.14 per share for the second quarter of 2025. This decision reflects the company’s confidence in its financial stability.
Shareholders have approved Materion’s 2025 Equity and Incentive Compensation Plan, which replaces previous stock incentive plans and aims to align the interests of directors and employees with the company’s long-term success. Meanwhile, KeyBanc Capital Markets has downgraded Materion’s stock rating from Overweight to Sector Weight. This downgrade follows a revision of earnings estimates for 2025 and 2026, citing the impact of tariffs on China as a significant factor. These developments highlight ongoing strategic and financial adjustments within Materion Corporation.
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