MAGNESIUM ELEKTRON ACQUIRES NEW ASSETS
12 August 2003
12 August 2003
SCI is a manufacturer of magnesium alloy billet, slab, rolled products and the world’s only fully integrated producer of magnesium photo engraving plates.
Magnesium Elektron North America Inc. is part of the Elektron Division of the Luxfer Group. The Elektron Division established in 1936, has magnesium manufacturing facilities in:
- Manchester, England
- Lakehurst, New Jersey
- Tamaqua, Pennsylvania
- Stonycreek, Ontario
- Litvinov, Czech Republic
It is the world leader in the production of high performance magnesium alloys, extrusions and powders and is Europe’s leading refiner of magnesium alloys for the diecasting industry. The Luxfer Group is an international manufacturer of high performance engineering materials, whose portfolio includes interests in magnesium, zirconium, aluminium drawn tube and high pressure gas cylinders. Brian Purves, Chief Executive of Luxfer Group commented, “The acquisition of SCI’s magnesium assets is another important step in our strategy of expanding our business internationally and fills a gap in the range of magnesium products offered by our Magnesium Division.” Chris Dagger, Managing Director of Magnesium Elektron added “The combination of SCI’s technical skills in rolled products, supplemented by Magnesium Elektron’s experience in advanced magnesium alloys and manufacturing excellence, backed by the financial strength of the Luxfer Group, will create a very strong business. We are particularly excited by the magnesium graphic art market and the long term growth potential for magnesium alloy sheet. “The acquisition of these assets will enable Magnesium Elektron to develop a range of rolled products that will extend the use of magnesium into a wide range of new applications, exploiting the inherent light-weight and other advantages of magnesium.”
The operation will trade as MAGNESIUM ELEKTRON WROUGHT PRODUCTS and MAGNESIUM ELEKTRON GRAPHIC ART PRODUCTS.