Höganäs acquires division of H.C. Starck
STC is a leading global manufacturer of surface technology, ceramic and additive manufacturing powders for a wide variety of end-market applications. The company operates as a legally separated stand-alone division within the H.C. Starck Group.
“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,” says our CEO Fredrik Emilson.
The acquisition will successfully position Höganäs on the trajectory towards achieving its long-term strategy. It will also enable Höganäs to leverage its global sales network and provide an opportunity to cross-sell existing products to STC’s customers and vice versa.
“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,” says Fredrik Emilson, CEO of Höganäs.
“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”, says Fredrik Emilson.
The closing of the transaction is expected during the first half of 2018 and is subject to the approval of relevant authorities.