Brush Changes Name to Materion
Brush Engineered Materials Inc., Mayfield Heights, Ohio, will change its name to Materion Corp. and unify all of its businesses under the new name effective March 8.
The company says it is announcing the new name ahead of the formal name change to give advance notice to its investors, customers, suppliers, partners, the media and other parties. Concurrent with the name change, the company also will unveil a new company website and company-wide brand identity.
“Brush Engineered Materials has transformed over the past 20 years into a very different company from the metals, mining and specialty metals businesses that mark most of our heritage,” says Richard J. Hipple, chairman, president and CEO. “While these businesses are very successful and integral to our future, they have changed significantly and are now part of a much larger portfolio. Through these changes, acquisitions and other internal initiatives, we have expanded into a brand new 80-year-old company at the forefront of technologies essential to our customers.”
The unification of all of the company’s businesses under the Materion name is intended to create efficiencies and facilitate synergies, the company claims. The new name, along with a new business unit alignment under the Materion brand, is expected to provide customers with better access and recognition to a broader scope of products, technology and value-added services.