Sweden’s Höganäs AB, is celebrating 20 years since the opening of its offices in North America.
In 1999, Höganäs established its first offices in Bethlehem, Pennsylvania, USA, after an organisational shake-up resulted in Hoeganaes Corporation in North America being sold. According to the company when GKN acquired Interlake, an 80% owner of Hoeganaes Corporation, Höganäs and GKN agreed on the sale of the remaining 20% of the shares owned by Höganäs.
The deal opened up the possibility for Höganäs to sell metal powder in the North and South American markets that had been previously reserved for Hoeganaes Corporation. In this new quest, Höganäs acquired a Brazilian metal powder producer and founded a new subsidiary in the US: North American Höganäs.
After the first North American sales office was established, Höganäs states that it went on to acquire a steel plant in Stony Creek, First Miss Steel, and Pyron, an iron powder plant in Niagara Falls. In 2001, the atomising plant was inaugurated and two years later, Höganäs acquired SCM Metals in Johnstown for production of high alloys.
In a short video to honour the milestone, David Milligan, head of Iron Powder Operations at Höganäs’ site in Hollsopple, Pennsylvania, recounts his experience of starting his career with Höganäs during its North American start-up.