Materion Corporation, through its wholly owned subsidiaries, is an integrated
producer of high-performance advanced engineered materials used in a variety
of electrical, electronic, thermal, and structural applications. The Company
was incorporated in Ohio in 1931 and has approximately 2,550 employees. Our
products are sold into numerous end markets, including consumer electronics,
industrial components, defense, medical, automotive electronics, telecommunications
infrastructure, energy, commercial aerospace, science, services, and appliance.
Previously, we aggregated our businesses into three reportable segments: Performance
Alloys and Composites, Advanced Materials, and Other. The Precision Coatings
group, which includes the Precision Optics and Large Area Coatings businesses,
was included in the Other segment, which also includes unallocated corporate
costs. Beginning with the fourth quarter of 2016, we changed our segments to
align with a change in the way our business is managed.
Effective as of the fourth quarter of 2016, our businesses are now organized
under four reportable segments: Performance Alloys and Composites, Advanced
Materials, Precision Coatings, and Other. The Precision Coatings group is now
a separate operating segment. Our Other reportable segment includes unallocated
corporate costs. Prior year results have been revised to reflect the change.
Performance Metals produces strip and bulk form alloy products, beryllium-based
metals, beryllium and aluminum metal matrix composites, in rod, sheet, foil,
and a variety of customized forms, beryllia ceramics, and bulk metallic glass
materials at manufacturing facilities in the United States, Europe, and Asia.
This business also operates the worlds largest bertrandite ore mine and refinery,
which is located in Utah, providing feedstock hydroxide for its beryllium business
and external sales.
Technical Materials produces strip metal products with clad inlay and overlay
metals, including precious and base metals electroplated systems, electron beam
welded systems, contour profiled systems, and solder-coated metal systems. This
operating unit is located in Lincoln, Rhode Island and shares service and distribution
centers with Performance Metals in Europe and Asia. These specialty strip metal
products provide a variety of thermal, electrical, or mechanical properties
from a surface area or particular section of the material. Our cladding and
plating capabilities allow for a precious metal or other base metal to be applied
in continuous strip form only where it is needed, reducing the material cost
to the customer, as well as providing design flexibility and performance. Major
applications for these products include connectors, contacts, power lead frames,
and semiconductors, while the largest end markets are automotive electronics
and consumer electronics. The energy and medical end markets are smaller but
offer further growth opportunities. Technical Materials products are manufactured
at our Lincoln, Rhode Island facility and are sold directly through its sales
representatives. Technical Materials major competitors include Heraeus Inc.,
AMI Doduco, Inc., and other North American continuous strip and plating companies.
Advanced Materials produces advanced chemicals, microelectronics packaging,
precious metal, non-precious metal, and specialty metal products, including
vapor deposition targets, frame lid assemblies, clad and precious metal pre-forms,
high temperature braze materials, and ultra-pure wire. These products are used
in semiconductor logic and memory, medical, energy, lighting, defense, optics,
and wireless communications applications within the consumer electronics, industrial
components, and telecommunications infrastructure end markets. Advanced Materials
also has metal recovery operations and in-house refining that allow for the
recycling of precious metals.
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