Press release from CNW Group
5N Plus to Acquire Manufacturer of Metallic Powders
Tuesday, July 09, 2013
5N Plus to Acquire Manufacturer of Metallic Powders07:30 EDT Tuesday, July 09, 2013
MONTREAL, July 9, 2013 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP), the leading producer of specialty metal and chemical products, announces that it has signed an exclusive option to acquire all of the issued and outstanding shares in the capital of AM&M Advanced Machine and Materials Inc. ("AM&M").
AM&M is a Kanata, Ontario based corporation specialized in the manufacturing of micron size metallic powders which can be used in a variety of electronic markets, including solder powders for increasingly demanding applications, silver-based powders for high thermal conductivity interfaces, and CIGS powders for thin film solar panels. The intellectual property and processing capabilities developed by AM&M allows for the cost-effective and high-yield production of spherical, low oxygen content powders with uniform particle size.
« Upon completion of the acquisition of AM&M, we will immediately add new products to our existing offering as well as benefit from the expertise of AM&M's executives. Combining AM&M's technology with our family of high purity metals and alloys, we will be able to offer our customers a large array of custom-made powders optimised for their specific needs. This investment is in line with our growth strategy which includes developing opportunities to promote our specialty metals further along the value stream », said Mr. Nicholas Audet, Vice President Business Unit - Electronic Materials of 5N Plus.
5N Plus will immediately start the promotion and distribution of AM&M's products via its global sales force. Closing of the transaction is subject to due diligence and other standard conditions customary to a transaction of this nature.
About 5N Plus Inc.
5N Plus is the leading producer of specialty metal and chemical products. Fully integrated with closed‐loop recycling facilities, the Corporation is headquartered in Montreal, Quebec, Canada and operates manufacturing facilities and sales offices in several locations in Europe, the Americas and Asia. 5N Plus deploys a range of proprietary and proven technologies to produce products which are used in a number of advanced pharmaceutical, electronic and industrial applications. Typical products include purified metals such as bismuth, gallium, germanium, indium, selenium and tellurium, inorganic chemicals based on such metals and compound semiconductor wafers. Many of these are critical precursors and key enablers in markets such as solar, light‐emitting diodes and eco‐friendly materials.
Forward‐Looking Statements and Disclaimer
This press release may contain forward‐looking information within the meaning of applicable securities laws. All information and statements other than statements of historical facts contained in this press release are forward‐looking information. Such statements and information may be identified by words such as "about", "approximately", "may", "believes", "expects", "will", "intends", "should", "plans", "predicts", "potential", "projects", "anticipates", "estimates", "continues" or similar words or the negative thereof or other comparable terminology. Forward‐looking statements are based on the best estimates available to 5N Plus at this time and involve known and unknown risks, uncertainties and other factors that may cause 5N Plus' actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward‐looking statements. A description of the risks affecting 5N Plus' business and activities appears under the heading "Risk and Uncertainties" of 5N Plus' 2012 MD&A dated March 28, 2013 and Note 13 of the unaudited interim condensed consolidated financial statements for three‐month periods ended March 31, 2013 and 2012 available on SEDAR at www.sedar.com. No assurance can be given that any events anticipated by the forward‐looking information in this press release will transpire or occur, or if any of them do so, what benefits that 5N Plus will derive therefrom. In particular, no assurance can be given as to the future financial performance of 5N Plus. The forward‐looking information contained in this press release is made as of the date hereof and 5N Plus undertakes no obligation to publicly update such forward‐looking information to reflect new information, subsequent or otherwise, unless required by applicable securities laws. The reader is warned against placing undue reliance on these forward‐looking statements.
SOURCE: 5N Plus Inc.
For further information:
Vice President, Legal Affairs and Corporate Secretary
5N Plus Inc.
(514) 856‐0644 x6178