Keronite acquires Anomag magnesium business

Surface reatment company, Keronite International, has reached an agreement with Magnesium Technology Licensing for the purchase of Anomag chemical conversion business.

Keronite Internationalis pleased to announce that an agreement has been reached with Magnesium Technology Licensing of New Zealand for the purchase of their Anomag chemical conversion business.

This move is expected to further accelerate Keronite's rapid expansion into the key markets of Asia and North America.

* About Keronite - Keronite International was established in Cambridge, UK, in 2000, to provide technology services to industry, enabling manufacturers to reduce costs and improve performance through the wider use of aluminium and magnesium.

The patented Keronite surface treatment technology known as Plasma Electrolytic Oxidation (PEO) is used to convert the surface of light metals into an extremely hard, crystalline ceramic oxide with outstanding properties in terms of resistance to corrosion and wear.

A chrome-free immersion process, Keronite is used to treat the inner as well as the outer surfaces of the most complex shapes and the technology is successfully being used across a whole range of industries from automotive, aerospace and oil and gas to electronics, architecture and a variety of engineering applications.

Keronite has its own manufacturing facilities for process plant and electrolyte solutions and works through a network of experienced operating partners to deliver surface treatment solutions across Europe, Asia and North America.

With an impressive new board of directors, Keronite was successful in raising over GBP 10 million in funding last year, providing a firm foundation for the company's aggressive growth plans for the short and medium term.

With increasing demand for environmentally-friendly surface treatment for light alloys, Keronite CEO, Lars Olrik, felt that the timing is perfect for the acquisition of the Anomag business.

"This is a strategically significant step in the company's quest for rapid market penetration.

Anomag has been extremely successful in delivering surface treatment solutions for magnesium in a number of our key markets and has built up a strong network of reputable and highly experienced operating partners.

Bringing together the two businesses was a logical move for our company." He reported: "With 100% focus on the development and promotion of its unique form of PEO technology, Keronite has always been confident of its technical advantages in terms of surface characteristics and environmental performance." Olrik added: "But our growing customer base is very demanding.

We have to be able to deliver our technology quickly and consistently on a truly global basis.

Working with the licensees that Anomag has established over recent years will enable us to do this with minimum delay." Magnesium Technology Licensing had also recognised the synergy between the two businesses.

Managing director, John MacCulloch, saw the sale of the Anomag business as an opportunity for existing licensees to build on their success to date by working in partnership with the PEO brand leader, and for his own management team to switch their focus to other equally promising business interests.

"I am looking forward to working closely with Keronite to ensure a smooth handover of the business and am confident that this move will secure a brighter future for all concerned.".

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