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Materion Consolidating Manufacturing

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MAYFIELD HEIGHTS, Ohio, Dec. 11, 2012 — Materion Corp. plans to close an optical coatings facility in California and cut its Advanced Materials business in New Mexico in an effort to reduce costs and better serve its global customers. Richard J. Hipple, chairman, president and CEO, said that the company’s recent acquisitions, coupled with manufacturing improvements, have provided the opportunity to consolidate to reduce cost, operate more efficiently and generate higher future earnings. Under the plan, Materion will close its Buellton, Calif., facility and consolidate production with operations in Westford, Mass.,...Read full article

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