Höganäs AB has signed an agreement to acquire German H. C. Starck Group’s Surface Technology & Ceramic Powders division, STC. The acquisition is a strategic fit, enabling Höganäs to gain critical mass within surface coating and additive manufacturing.
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.
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.
The closing of the transaction is expected during the H1 of 2018 and is subject to the approval of relevant authorities.