Hanau, June 10, 2014
Heraeus Noblelight has concluded and asset deal to acquire the business activities of Vulcan Catalytic Systems Ltd.
The acquisition of Vulcan Catalytic Systems expands the process heating portfolio from Heraeus Noblelight to include both gas and electric heating systems for industrial applications.
Mike Chapman, John Martin and key personnel will remain with the company, supporting existing customer base and developing new markets.
“Vulcan Catalytic and Heraeus share a common goal: to consistently exceed customer expectations,” Michael Chapman, President of Vulcan Catalytic Systems, pointed out. “Joining the Heraeus network will offer us numerous opportunities to introduce our products and expertise to new markets.”
Heraeus, the precious metals and technology Group headquartered in Hanau, Germany, is a global, private company with more than 160 years of tradition. We create high value solutions for our customers, strengthening their competitiveness for the long term Our fields of competence include precious metals, materials and technologies, sensors, biomaterials and medical products, quartz glass, and specialty light sources. In fiscal year 2013, Heraeus achieved product revenue of $5.46 billion and precious metals trading revenue of $17.55 billion. With some 12,500 employees in over 110 subsidiaries worldwide, Heraeus holds a leading position in its global markets.
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