Checon Acquires Umicore Electrical Materials USA,Inc.

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Exciting Expansion News!

We’re thrilled to announce that Checon LLC, an Alloy Holdings partner company, has successfully acquired Umicore Electrical Materials USA, Inc. This significant acquisition marks a pivotal moment in our journey, propelling our growth in the industrial control, electrical grid, electric vehicle (EV), and defense markets.

Why This Acquisition Matters:

• Broadened Offerings: With our new acquisition, we expand our suite of silver-tin-oxide and high-performance contact materials, becoming North America’s largest producer of electrical contact products!
• Enhanced Capabilities: This strategic move adds valuable material science expertise, increased manufacturing capacity, and improved process capabilities to better serve our valued customers.
• Future Growth: With strengthened financial and resource support from Alloy Holdings LLC, we are well-positioned to anticipate and leverage future growth opportunities efficiently.

Deepened Expertise & Value: "This acquisition not only fortifies Checon's industry position but significantly enhances our ability to deliver unparalleled value to our customers through a broader product range and swift service," shares Rich Powers, Chairman of Alloy Holdings and CEO of Checon.

For more insights into Checon’s expanded market offerings, feel free to reach out at [email protected] or visit www.checon.com.

Learn more about Alloy Holdings: www.alloyholdings.com and Morvillo Precision Products at: www.morvilloproducts.com.

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• #AcquisitionNews
• #Umicore
• #ElectricalMaterials
• #EVIndustry
• #EnergyGrid
• #MarketExpansion
• #StrategicGrowth