Höganäs reports that it has signed an agreement to acquire H.C. Starck’s surface technology and ceramic powders division, STC.
STC is a global manufacturer of surface technology, ceramic and additive manufacturing (AM) powders for a range of end-market applications. The company operates as a legally separated stand-alone division within the H.C. Starck Group.
‘The acquisition is a strategic fit, enabling Höganäs to gain critical mass within surface coating and additive manufacturing,’ said the company.
‘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,’ added CEO Fredrik Emilson. ‘STC is an exciting company with attractive growth potential and a good strategic fit for Höganäs. 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.’
This story is reprinted from material from Höganäs, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
