IBC Advanced Alloys Corp. (CVE:IB) reports its completion of the acquisition of Beralcast Corporation.
With this rare metal matrix acquisition, IBC adds new manufacturing depth and expands its product portfolio to increase market presence and facilitate growth.
Beralcast Corporation is a private Nashua, New Hampshire-based specialty metal matrix manufacturing business that owns proprietary and patented technology for a castable beryllium aluminum metal matrix, Beralcast®, that is currently used in a wide variety of aerospace and advanced technology applications. IBC has also acquired manufacturing know-how and equipment, trade rights, marketing and supply agreements and has retained certain key personnel. The acquisition, previously announced in October 2009 and February 2010, is an arm’s length transaction.
