MERSEN (FR:MRN) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Mersen has announced its acquisition of Bar-Lo Carbon Products, a US-based precision machiner of graphite and ceramics, to strengthen its presence in the semiconductor market and other industries. The acquisition is expected to add approximately $15 million in annual sales and be immediately accretive to Mersen’s net income. This strategic move consolidates Mersen’s material strategy in the United States.
For further insights into FR:MRN stock, check out TipRanks’ Stock Analysis page.