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Plansee Group strengthens its
position in North America
Reutte/Carlsbad,
December 1,
2006-
Plansee High Performance Materials of Reutte, Austria, acquires
Electro-Graph, a privately owned company headquartered In Carlsbad,
California. A memorandum of understanding was signed by the two
companies on November 27, 2006 and the acquisition is due to be
completed in the first quarter of 2007. Electro-Graph will
strengthen Plansee's position In the North American refractory
metal component market.
"The acquisition represents another step in our globalization
strategy," comments Michael Schwarzkopf, chairman of the Plansee
Group's executive board: "Electro-Graph enjoys an excellent position
in the US market and has strong relationships with its customers.
Moreover the company is well-known for its considerable expertise in
the design, engineering and production of replacement parts and
components for the semiconductor industry, specifically for use in
processes such as ion implantation, sputtering and CVD coating."
"We totally agree that Electro-Graph will have great potential for
development as part of the Plansee Group" says Paul Hacker, chairman
of Electro-Graph. And Michael Schwarzkopf adds: "The business has
performed exceptionally well under its current management and we
want to continue working with this proven team in the future." The
parties have agreed that the sale price will remain confidential.
Privately owned US Company Electro-Graph was founded in 1979 by Paul
and Jill Hacker who retired from operational business some years
ago. Today Electro-Graph is run by an independent management team
and employs 65 people, with projected sales for the current fiscal
year of around 20 million dollars. The company's headquarters are in
Carlsbad, around 30 miles north of San Diego, and it also operates
a production site in Guaymas, Mexico, some 400 miles south of San
Diego.
Plansee High Performance Materials, a division of the
Plansee Group, is the world's leading manufacturer of refractory
metal and composite material products. The Plansee Group holds
62
companies in 22
countries worldwide. Ignoring different shares of ownership, the
Group generated worldwide sales of 1.3 billion euros in the 2005/06
fiscal year, and employed a total of 8,500 people.
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