Heraeus acquires LORD Cermet Thick Film Product Line

The Heraeus acquisition, effective December 31st, 2009, will see the transfer of cermet thick film technology, products, and customers from LORD Corporation in Elverson, PA, to Heraeus Materials Technology LLC in Conshohocken, PA. With the acquisition, the W. C. Heraeus Thick Film Materials Division strengthens its position as a global supplier by enhancing its product offering and ensuring a robust product portfolio able to support future growth. The move reflects an ongoing Heraeus strategy to add customer value from a market leading position and further emphasizes long-term commitment to the thick film business. LORD Corporation will retain its polymeric thick film product line.

Dr. Ralf Droste, Vice President Thick Film Materials Division, commented, The LORD cermet thick film production line fits well to the Heraeus portfolio. In addition to strengthening our activities in North America, we have gained access to comprehensive know-how that will decidedly advance our development of new products.

Dr. Roland Gerner, Managing Director of W. C. Heraeus, added, In today's difficult market environment, this acquisition demonstrates our company's capacity for growth. We at Heraeus intend to continue expanding our business in promising markets worldwide.
With its Thick Film Materials Division, W. C. Heraeus is a global supplier of glass and ceramic coatings and has flourished for decades in the areas of thick films and ceramic colors. Customers include manufacturers of printed circuit boards as well as the fine glass and ceramics industry.

The Thick Film Materials Division is a part of W. C. Heraeus, one of the managing companies within the Heraeus Group, a precious metals and technology company headquartered in Hanau, Germany. Heraeus is a global, private company with over 155 years of tradition. Group’s businesses include precious metals, sensors, dental products and biomaterials, as well as quartz glass and specialty lighting sources. With product revenues approaching € 3 billion and precious metal trading revenues of € 13 billion, as well as nearly 13,000 employees in more than 110 companies worldwide, Heraeus holds a leading position in its global markets.