Checon Expands Market Offering with Acquisition of Umicore Electrical Materials USA, Inc.
The company is strategically working to meet future growth opportunities surrounding the use of precious metals and conductive materials like copper and aluminum.
Checon LLC (North Attleboro, Mass.), a subsidiary of Alloy Holdings and a global supplier of electrical contacts, materials, and electric power components and assemblies, has announced the acquisition of Umicore Electrical Materials USA, Inc. This strategic move is in response to the increasing demand for high-performance precious metal alloys and fabricated metal systems across emerging market sectors, including industrial control, electrical grid, automotive, EV battery, and military device applications. With a broadened product offering, particularly in silver-tin-oxide and other high-performance contact materials, Checon establishes itself as North America’s foremost producer of electrical contact products.
Checon’s CEO and Alloy Holdings Chairman, Rich Powers, says, “This acquisition strengthens Checon’s industry position, enhancing our ability to deliver unparalleled value through a broader product offering and increased capacity. By deepening our technical expertise at the design and feasibility stages, we’re committed to swiftly providing top-tier products and services to customers in a dynamic marketplace.”
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