Heraeus Holding Enters Into Agreement to Acquire Graphite Machining Services & Innovations, LLC.

HANAU, Germany and TEMPE, Arizona, April 5, 2017.

Heraeus Holding, the global technology company, today announced that it has entered into an agreement to acquire Graphite Machining Services & Innovations, LLC (GMSI), a specialized manufacturer of advanced ceramic coatings for the semiconductor industry.

Co-founded in 1992 by Peter Guercio and Rex Dillman, and most recently supported by investments and guidance from Hull Street Capital, GMSI has become an industry leader in the machining and manufacturing of products made from graphite. Utilizing advanced technologies and processes, GMSI can produce machined parts with unparalleled speed, precision and repeatability. The company’s capabilities range from extremely complex 3D electrodes for the Mold & Die industry to advanced products for the semiconductor, electronics and aerospace sectors to coated products for the LED and Epitaxy industry.

A key global supplier to chip and memory manufacturers, front-end semiconductor manufacturers and OEMs, GMSI’s primary product line, CVD SiC coated graphite, delivers superior performance under the most demanding environments. In addition to its expertise in graphite, GMSI also has extensive capabilities in precious metals, plastics, composites and a variety of exotic materials.

Commenting on the acquisition, Jan Rinnert, the CEO of the Heraeus Group, said, “One of the pillars of our growth strategy is to find promising companies that possess strong capabilities that can benefit from our resources, expertise and worldwide business footprint. GMSI provides a great fit in terms of market potential and technology innovation. We are excited to bring GMSI into the Heraeus portfolio and help them continue to grow and succeed.”

GMSI President and co-founder Peter Guercio noted that an important factor driving this agreement was to find the right partner to help capitalize on and accelerate the company’s growth opportunities. He said, “Heraeus became the clear choice because they offer the factors that are invaluable to a growth-oriented company like ours: stability, market leadership and a strong strategic vision that produces a track record of success. This is a tremendous win for GMSI and our customers.”