CHANDLER, AZ -- Ticer Technologies today announced an agreement to acquire certain manufacturing assets from Materion's Large Area Coatings division, effective Jan. 1.
The deal will help Ticer avoid a potential supply disruption, the company said.
The companies did not disclose financial terms.
Ticer, which makes thin film embedded resistor foils, will acquire LAC's vacuum deposition/sputtering production equipment, which will remain at the firm's facility in Windsor, CT, as well as certain staff. Processes, equipment and raw materials will continue to be the same during the transition process, the companies said.
"This is a significant improvement in capacity and supply leadership long sought by Ticer," said David Burgess, president, Ticer. "We believe our global customers will benefit from the flexibility and supply chain control afforded by this change."
Ticer had previously announced a potential supply chain disruption due to the planned divestiture of Materion's LAC division. The acquisition will obviate that potential disruption, and make product requalification unnecessary.
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