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Materion Corporation Completes Heraeus Target Materials Acquisition

MAYFIELD HEIGHTS, Ohio–(BUSINESS WIRE)–Materion Corporation (NYSE:MTRN) announced today that it has completed the previously announced acquisition of the target materials business of the Heraeus Group, of Hanau, Germany, for approximately $30 million. The acquisition strengthens Materion’s position in precious and non-precious target materials for the architectural and automotive glass, photovoltaic, display and semiconductor markets. The business, now operating within the Materion Advanced M