Aterian Investment Partners Acquires the Advanced Energy Technologies Division of Graftech
NEW YORK, NY (July 25, 2017) – Aterian Investment Partners (“Aterian”) announces that one of its affiliates has acquired the Advanced Energy Technologies, LLC (“AET”) division of GrafTech International Holdings Inc . (“GrafTech”). AET will be renamed NeoGraf Solutions, LLC (“NeoGraf” or the “Company”).
Founded in 1886 in Lakewood, Ohio by its predecessor firm the National Carbon Company, NeoGraf is a leading technology developer and manufacturer of high quality flexible natural and synthetic graphite, powders and flakes used in thermal management, fire resistance and other applications.
NeoGraf provides mission-critical products that are used for heat dissipation, heat spreading, or utilized as a fire retardant additive to materials due to thinness, flexibility, low weight, and high conductivity characteristics. NeoGraf is the only domestic manufacturer of synthetic and natural flexible graphite and is known globally as the technical and innovation leader.
Andy Reynolds, CEO of NeoGraf, stated, “This transaction infuses new energy and business development experience into the Company and is a critical step in NeoGraf’s continued development. Aterian has demonstrated a track record of investing in operations and growing businesses alongside management. Aterian’s support will allow NeoGraf to continue providing technology-leading, high quality products to our existing customers, as well as pursue additional business initiatives and service offerings.”
Brandon Bethea, Principal at Aterian, commented, “We are excited to acquire NeoGraf, not only for its longstanding leadership position within the synthetic and natural flexible graphite market, but also for the opportunity to partner with the management team in the next stage of NeoGraf’s growth. We look forward to supporting and expanding the Company’s technical, innovation, quality, and customer service leadership position.”
Headquartered in Lakewood, Ohio, NeoGraf specializes in the development and manufacturing of high quality natural and synthetic graphite sheets and powders used in various applications including the latest high tech devices, fuel cells, industrial gaskets, fire-rated building materials, and LED lighting. With internal research & development and manufacturing capabilities, NeoGraf is able to provide high quality products utilizing a solutions-oriented approach with customers. The Company operates out of two facilities located in Northeast Ohio.
Aterian Investment Partners is an operationally-focused middle market private equity firm. The firm focuses on strategically viable businesses, with strong market positions, proven franchises and opportunities for performance enhancement at companies generating $25 million to $500 million of revenue. After making an investment, Aterian, in partnership with management, seeks to focus on the critical growth, investment, operational and liquidity initiatives of a business that will ultimately drive value creation.
For more information, please visit http://www.aterianpartners.com
About NeoGraf Solutions LLC
NeoGraf Solutions, LLC has been manufacturing carbon and graphite products for over 135 years in Lakewood, Ohio. Today, the company’s high-performance products are used in a variety of demanding applications in a diverse array of industries. NeoGraf specializes in development and manufacture of high quality natural and synthetic graphite sheets and powders used in the latest consumer electronic devices, building and construction materials, transportation, and sealing and gasketing. With internal research, development, and manufacturing capabilities, NeoGraf provides high-quality products, environmentally sustainable solutions, and new opportunities for our customers. For more information, visit www.neograf.com.