MERSEN STRENGTHENS ITS POSITION IN THE ENERGY EFFICIENCY MARKET WITH THE
ACQUISITION OF THE INSULATION BUSINESS ASSETS OF AMERICARB
* ACQUISITION OF A FELT INSULATION BUSINESS FOR THE NORTH AMERICAN MARKET
* CREATION OF A CENTER OF EXCELLENCE IN THE UNITED STATES FOR LOCAL CUSTOMERS
* TRANSFER OF PRODUCTION EQUIPMENT TO THE COLUMBIA SITE (USA) TO MAXIMIZE ITS
PARIS, JULY 31st, 2020 - Mersen (Euronext FR0000039620 - MRN), a global expert
in electrical power and advanced materials, has announced the signing of an
agreement to acquire the insulation business assets of American company
Americarb, a long-standing player in graphite and carbon fiber insulation.
The acquisition includes Americarb's production equipment, client portfolio and
GRI brand for a total of approximately US$ 6 million. The equipment will be
installed at the Mersen site in Columbia, Tennessee.
Luc Themelin, Chief Executive Officer of Mersen, said: "The integration of
Americarb's business assets will strengthen Mersen's position in felt
insulation solutions for the solar, electronics, ceramics and carbon fiber
markets. In operational terms, the acquisition is an excellent fit given the
Group's investment in the Columbia site last year. By transferring the
production equipment for felt insulation on-site to Columbia, we will be
creating a center of excellence for the American continent to complement the
one in Scotland that serves the European market."
The operation gives Mersen an industrial base in the United States and enables
it to consolidate its footprint on the felt insulation market by expanding its
client portfolio in North America. It also means the Group can reduce the
amount of investment planned for the Holytown site in Scotland.
The company, which is based in Niagara Falls in New York State, generates sales
of approximately EUR5 million per year in rigid and flexible felt insulation
A global expert in electrical power and advanced materials, Mersen designs
innovative solutions to address its clients' specific needs to enable them to
optimize their manufacturing performance in sectors such as energy,
electronics, transportation, chemicals & pharmaceuticals and process
Mersen, with its 6,800 employees working across 35 countries, recorded sales of
EUR950 million in 2019.
MERSEN IS LISTED ON EURONEXT PARIS - COMPARTMENT B