Advent International and Carlyle-backed H.C. Starck Solutions Americas completed the acquisition of Anania & Associates Investment-backed Elmet Technologies.

Anania & Associates Investment-backed Elmet Technologies, a US-owned and operated tungsten and molybdenum manufacturer, completed the acquisition of Advent International and Carlyle-backed H.C. Starck Solutions Americas, a global manufacturer and supplier of the technology metals tungsten and molybdenum and related alloys. Financial terms were not disclosed. “We also anticipate the development of new advanced materials, components, and solutions as a result of our increased capabilities and combined resources and expertise. To support that innovation, we have immediate plans to invest in expanding our workforce and manufacturing capabilities at all three of our U.S. sites. These future investments will build on the success of recent investments across the group including state-of-the-art tungsten sphere and cube fragmentation production in Lewiston, spray dried and plasma densified additive manufacturing powders and 3D processing in Coldwater and new tungsten plate rolling technology in Euclid, Ohio. This combination will help ensure Made-in-the-USA continues in the tungsten and molybdenum sector for the next 100 years and beyond,” Scott Knoll, Elmet Head of M&A and Strategy.