Acquisition of Argor-Heraeus successfully completed

Acquisition of Argor-Heraeus successfully completed
Corporate

The acquisition of Argor-Heraeus by Global Business Unit Heraeus Precious Metals (HPM), a member of the Heraeus technological group, has been successfully completed. As part of the operation, announced in April, Heraeus, already joint owner of Argor since 1986, purchases the shares of previous shareholders including Commerzbank and Austrian mint, becoming sole owner and, in fact, the largest provider at global level in the precious metal industry.

The managements of both companies have expressed their great satisfaction with the transaction, in effect since 13 July 2017. In this sense, Christoph Wild, Co-CEO of Argor-Heraeus, stated that Heraeus most definitely represents a solid, responsible and competent partner and that the synergies produced by the strengthened partnership relations will enable the company to successfully pursue its growth. At the same time, Jan Rinnert, CEO and President of Heraeus Holding said how pleased he was to be able to strengthen the relationship of confidence which has existed between the two companies for many years and thereby provide clients with the services of both companies in a complementary way.