Materion Corporation Acquires EIS Optics Limited

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posted:10/20/2011
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Description: MAYFIELD HEIGHTS, Ohio--(EON: Enhanced Online News)--Materion Corporation (NYSE:MTRN) announced today that the Company, through its wholly owned subsidiary, Materion Advanced Materials Technologies and Services Inc., has acquired EIS Optics Limited. The transaction, valued at approximately $24 million, was financed with internally generated cash and borrowings under the Company’s $325 million revolving line of credit. Costs related to the acquisition will negatively impact 2011 earnings by appro
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