SOUTHPORT, Connecticut, March 9, 2011 - Carter Morse & Mathias ("CMM") is 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.
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."