Soleras and Bekaert Advanced Coatings combine to create global leader in thin film coatings

  Coatings

Bekaert and Soleras have been acquired by Element Partners, a leading growth equity firm investing in high-growth companies, to provide key equipment and consumable advanced material targets to many industrial segments.

Soleras
Agreements have been signed for the acquisition of the Industrial Coatings Division of Bekaert and Soleras
Element Partners has announced that agreements have been signed for the acquisition of the Industrial Coatings Division of Bekaert, including its facilities in Deinze, Belgium, Jiangyin, China and Spring Green, Wisconsin, US, and the acquisition of privately held Soleras Ltd., located in Biddeford, Maine, US. The two companies will be combined to form a new business, named Soleras Advanced Coatings LLC. The agreements are subject to regulatory approvals, which are expected by April 2012.
The two companies have complementary manufacturing technologies used to produce advanced, rotatable and planar targets for use in various large area coating applications. Soleras Ltd has a long history of developing new target fabrication techniques including cast technology for production of rotatable targets. The Industrial Coatings Division, which operates under the trade name Bekaert Advanced Coatings (BAC) is a high volume, high quality producer of rotatable targets using internally developed thermal spray technology.
Additionally, BAC is the leading developer and supplier of rotatable hardware required for the application of advanced large area coatings. Soleras Advanced Coatings will provide key equipment and consumable advanced material targets to many industrial segments, including the manufacture of energy efficient, low-E glass, electrochromic and ‘smart’ glass, thin film photovoltaic panels and advanced displays used in touch screen phones and tablet computers.
Sujit Banerjee, Ma...


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