5N Plus to Acquire Manufacturer of Metallic Powders

About this update from 5n Plus Inc.

[{"type":"text","content":"\n\n\nMONTREAL, July 9, 2013 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP), the\n leading producer of specialty metal and chemical products, announces\n that it has signed an exclusive option to acquire all of the issued and\n outstanding shares in the capital of AM&M Advanced Machine and\n Materials Inc. (\"AM&M\").\n\n\nAM&M is a Kanata, Ontario based corporation specialized in the\n manufacturing of micron size metallic powders which can be used in a\n variety of electronic markets, including solder powders for\n increasingly demanding applications, silver-based powders for high\n thermal conductivity interfaces, and CIGS powders for thin film solar\n panels. The intellectual property and processing capabilities developed\n by AM&M allows for the cost-effective and high-yield production of\n spherical, low oxygen content powders with uniform particle size.\n\n\n« Upon completion of the acquisition of AM&M, we will immediately add\n new products to our existing offering as well as benefit from the\n expertise of AM&M's executives. Combining AM&M's technology with our\n family of high purity metals and alloys, we will be able to offer our\n customers a large array of custom-made powders optimised for their\n specific needs. This investment is in line with our growth strategy\n which includes developing opportunities to promote our specialty metals\n further along the value stream », said Mr. Nicholas Audet, Vice\n President Business Unit - Electronic Materials of 5N Plus.\n\n\n5N Plus will immediately start the promotion and distribution of AM&M's\n products via its global sales force. Closing of the transaction is\n subject to due diligence and other standard conditions customary to a\n transaction of this nature.\n\n\nAbout 5N Plus Inc.\n5N Plus is the leading producer of specialty metal and chemical\n products. Fully integrated with closed‐loop recycling facilities, the\n Corporation is headquartered in Montreal, Quebec, Canada and operates\n manufacturing facilities and sales offices in several locations in\n Europe, the Americas and Asia. 5N Plus deploys a range of proprietary\n and proven technologies to produce products which are used in a number\n of advanced pharmaceutical, electronic and industrial applications.\n Typical products include purified metals such as bism...

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