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| Press Releases |
FOR IMMEDIATE RELEASE Carter Morse & Mathias Announces Sale of Micron Research Corporation to GrafTech International
SOUTHPORT,
Connecticut, March 9, 2011 -- Carter Morse & Mathias ("CMM") is
pleased to announceis pleased to announce the sale of the Micron Research
Corporation business ("Micron") to GrafTech International
("GrafTech") on February 9, 2011. Carter Morse & Mathias
served as Micron's exclusive financial advisor for the transaction. Carter Morse
& Mathias serves as Micron's exclusive financial advisor for the transaction. Micron, headquartered in Emporium, Pennsylvania, employs a unique technology to manufacture fine grain graphite materials for the electric discharge machining industry.David Trinkley, President and co-founder of Micron, commented "I know that Micron, our customers and our people will benefit from GrafTech's tremendous resources. GrafTech brings an understanding of fine grain graphite and unparalleled manufacturing expertise that will help us continue to grow our core technology and capacity." GrafTech is one of the world's largest manufacturers and providers of high quality synthetic and natural graphite and carbon based products and technical services. Operating 14 manufacturing facilities across four continents, GrafTech services customers engaged in the manufacture of steel, electronics and solar products around the globe.
Craig Shular, GrafTech's Chief Executive Officer commented, "We are pleased to add the Micron technology and team to GrafTech's platform. This addition fills a gap in our technology portfolio and is very complementary to our existing Engineered Solutions product offering. Micron is the first external growth initiative in this business and will aid in continuing to propel our Engineered Solutions segment forward."
Erick Asmussen, Vice President of Corporate Development of GrafTech, commented, "The Micron team has done a fantastic job of developing fine grain technology for EDM applications and we are excited about migrating Micron's fine grain expertise and experience to our other businesses." Michael Carter, Managing Director of CMM, explained, "This transaction is another example of our expertise in executing strategic transactions in the middle market. Key to successfully closing these strategic acquisitions is the credibility and track record of our clients. We are pleased to have represented Micron and its management team in executing such an important transaction for both the company and Graftech. " ************************************************* Carter Morse & Mathias (www.cartermorse.com) is a full service investment-banking boutique that provides the highest quality corporate finance advisory services to outstanding closely-held entrepreneurial and middle-market companies. CMM provides a full range of investment banking services, including sell-side advisory, raising capital, buy-side advisory, and valuation services. CMM's Broker/Dealer affiliate, Carter Capital Corporation, is a FINRA member firm registered with the SEC and SIPC. CMM is also a charter member of AICA, an international network of M&A professionals in over 20 countries across the Americas, Europe, Asia and the Middle East. For more than 24 years, CMM professionals have helped hundreds of business owners to conceive, initiate, structure and close M&A and capital transactions. For more information, please contact Michael Carter (mcarter@cartermorse.com, (203) 254-3333, x222) or Ramsey Goodrich (rgoodrich@cartermorse.com, (203) 254-3333, x229).
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