Mersen to Acquire GMI Group to Consolidate Its Position in the United States

July 2, 2024

Mersen has recently announced the acquisition of GMI group (Graphite Machining, Inc.), an expert in the purification and machining of graphite, carbon and graphite composites.

This new acquisition complements Mersen’s Advanced Materials footprint in the US, adding volume and transformation capacities of isostatic, extruded graphite and insulation materials and enabling synergies between the plants. It reinforces the Group’s position on markets such as aerospace, process industries and energies. Mersen will also leverage its global footprint to develop GMI group’s complementary offer.

A family-owned company, GMI group employs approximately 200 employees located on 4 sites in the US, in the states of Pennsylvania and Michigan. The business will contribute c. 40 million USD in annual sales to Mersen and the acquisition represents an outflow of c. 50 million USD. The operation will be accretive to net income. It will be consolidated as of July 1st in Mersen’s accounts.

Luc Themelin, Chief Executive Officer of Mersen, stated: “I’m delighted to welcome the team that has made GMI a leader in its field. GMI’s extensive graphite experience and dedication to customers will consolidate Mersen’s position in the United States and provide access to new markets for extruded graphite. These new manufacturing capacities will also be highly valuable for the potential projects in the United States in solar or nuclear microreactors.”

Important_Links_Bar.jpg

https://www.mersen.com/sites/default/files/publications-media/2024-07-pr-en-mersen-gmi-usa.pdf

Related Articles

Network Infrastructure Featured Product Spotlight

PBUS 14 Panduit logo 400

This webinar presented by Beth Lessard and Keith Cordero will be highlighting three Panduit solutions that will optimize network equipment and cabling to ensure that your spaces are efficiently and properly managed to support ever-evolving business needs of today and beyond. Products that will be featured include PanZone TrueEdge Wall Mount Enclsoure, Cable Managers, and Adjustable Depth 4-Post Rack.

REGISTER HERE


Editor’s Pick: Featured Product News

Siemens: SIMOVAC Non-Arc-Resistant and SIMOVAC-AR Arc-Resistant Motor Controllers

The Siemens SIMOVAC medium-voltage non-arc-resistant and SIMOVAC-AR arc-resistant controllers have a modular design incorporating up to two 12SVC400 (400 A) controllers, housed in a freestanding sheet steel enclosure. Each controller is UL 347 class E2, equipped with three current-limiting fuses, a non-load-break isolating switch, and a fixed-mounted vacuum contactor (plug-in type optional for 12SVC400). The enclosure is designed for front access, allowing the equipment to be located with the rear of the equipment close to a non-combustible wall.

Read More


Sponsored Content
Electrify Your Enterprise

Power is vital to production, and well-designed control cabinets are key. Allied Electronics & Automation offers a comprehensive collection of control cabinet solutions including PLCs, HMIs, contactors, miniature circuit breakers, terminal block connectors, DIN-rail power supplies, pushbutton switches, motor starters, overloads, power relays, industrial Ethernet switches and AC drives engineered to keep your operations running safely, reliably and efficiently.

Learn more HERE.


Products for Panel Builders

  • WAGO: Power Supply Base

    WAGO: Power Supply Base

    The WAGO Power Supply Base with the industry-proven Push-in CAGE CLAMP connection provides essential functionality during operation and stands out for its cost-effectiveness. The new devices offer quick, reliable and tool-free connections, along with good efficiency. Read More…

  • Weidmuller: u-control M3000/M4000 High-Performance Series IT & OT PAC Controllers Achieve True Convergence

    Weidmuller: u-control M3000/M4000 High-Performance Series IT & OT PAC Controllers Achieve True Convergence

    Weidmuller USA has recently unveiled the innovative M3000 and M4000 series of PAC Controllers for the perfect pairing of IT and OT for a wide array of industrial settings. This highly advanced Programmable Automation Controller (PAC) series integrates the functionality of a PLC and a PC with a control and edge system – in one device. “With… Read More…