Platinum swallows copper megalith

SCM president Barton White, who will now serve as CEO of both companies.
SCM president Barton White, who will now serve as CEO of both companies.

The transaction, terms of which were not disclosed, will include copper, aluminium and magnesium powder manufacturing plants and sales offices in Australia, Austria, Bahrain, China, Germany, Slovenia, Switzerland, the UK and the US.   “Ecka Granules is synonymous with quality products and leading-edge technology. The brand aligns perfectly with SCM’s customer-focused business model,” said Jacob Kotzubei, the Platinum partner leading the transaction. “This acquisition is part of an ongoing strategy to expand our presence in the metal powders space. Ecka Granules is an excellent strategic fit for our portfolio.”   Ecka Granules and SCM will continue marketing under their own brands. SCM president Barton White will serve as CEO of both companies. “We can now offer customers a unique, international combination of manufacturing plants, technical support, and direct sales and marketing channels in the United States, Asia and Europe,” he said. “By expanding our reach and moving closer to customers around the world, we can decrease lead times and optimise our plants to improve the supply chain and ultimately increase value.”   Founded by Carl Eckart in 1876, Ecka began making bronze powder in 1918. Ecka Granulate GmbH & Co KG and several of its subsidiaries filed for insolvency in August 2009.