Materion

NYSE: MTRN
S&P 600 component

Industry

Military technology
Electronics
Aerospace

PredecessorBrush Beryllium CompanyFoundedJanuary 9, 1931; 93 years ago (1931-01-09) in Cleveland, OhioFounderCharles Baldwin Sawyer Bengt KjellgrenHeadquarters

Mayfield Heights

United States

Number of locations

36 (2023)

Area served

Global

Number of employees

3,700 (2023)Websitematerion.com

Materion Corp. is a multinational company specializing in high-performance engineered materials. Among their products are precious and non-precious metals, inorganic chemicals, specialty coatings, beryllium, specialty engineered beryllium, beryllium copper alloys, ceramics, and engineered clad and plated metal systems.

The company's engineered materials are used in the telecommunications, consumer electronics, automotive medical, industrial components, aerospace, defense, and optical coating industries.

History

Beginning in the 1940s, Brush Wellman Inc. produced large amounts of beryllium for the United States government.^[1]

Brush Engineered Materials Inc. changed its name to Materion Corporation on March 8, 2011, and now trades under the symbol MTRN.^[2]

In March, 2017 Jugal K. Vijayvargiya was appointed president and chief executive officer of Materion Corporation, replacing Richard J. Hipple, who had served in that position for 11 years. Vijayvargiya was also named a director of the corporation. A graduate of the Ohio State University, Vijayvargiya spent 26 years at Delphi Corporation in a variety of management positions. Hipple will become executive chairman.^[3]

References

^ Roe, Sam (1999-03-30). "Lethal exposure: Brush misled workers, regulators about dangers". Retrieved 2017-09-20.
^ "Brush Engineered Materials Inc". 2006-07-12. Retrieved 2006-12-10.
^ Suttell, Scott (2017-03-03). "Materion names Delphi exec as CEO". Crain's Cleveland Business. Detroit, MI: Crain Communications. Retrieved 2017-04-18.