Materion to acquire Optics Balzers, a maker of thin film optical coatings, for $160M.
“We have long held a deep amount of respect and appreciation for the Optics Balzers business. Their technical capabilities, product portfolio, end market, and geographic mix, combined with their talented leadership team, make them the ideal partner to accelerate our global growth. The combination creates a global industry leader in optical thin film coating solutions.”
Jugal Vijayvargiya, President and CEO of Materion
This acquisition will allow Materion to expand its global outreach and further its efforts towards becoming an advanced materials solution provider.