Key divisions of ECKA Granules Group sold to US investment firm
September 23, 2010
A statement issued by insolvency agency Dr Beck & Partner indicates that a buyer has been found for some divisions of the troubled powder manufacturer ECKA Granules. Following difficult times for the group, US investor Platinum Equity, owners of SCM Metal Powders, are said to have agreed to purchase core areas of the business later this year for an undisclosed sum.
The ECKA Granules Group, headquartered Fürth, Germany, is one of the leading manufacturers of non-ferrous metal powders. The product range includes powders from aluminum, magnesium, copper, calcium, tin, lead, zinc, silicon and their alloys as well as ready-to-press blends.
“Platinum Equity has the necessary knowledge of the metal powder industry and the necessary human and financial resources to stabilize operations of the ECKA Granules Group after long uncertainty” stated the insolvency administrator at Dr. Beck.
Platinum Equity is a multinational company that specializes in the acquisition, operation and merging of companies. Platinum is also owner of SCM metal products, a U.S. manufacturer and distributor of metal powders with production sites in the USA and China.