Heraeus combines US Chemicals Division businesses to create Heraeus Precious Metals North America

June 19, 2012

Issue 6

In a move designed to streamline operations and provide a one-stop shop for precious metals customers, Heraeus recently announced that as of July 1, all of the company's US chemicals division entities will become one single unit under the name Heraeus Precious Metals North America LLC.

In a move designed to streamline operations and provide a one-stop shop for precious metals customers, Heraeus recently announced that as of July 1, all of the company's US chemicals division entities will become one single unit under the name Heraeus Precious Metals North America LLC.

The move will not involve the closing of any current business unit sites, but will instead unite the companies operations that provide precious metals sourcing, scrap refining, chemical compound manufacturing and other metals related products. The company's metals operations serve a wide variety of industries and market segments, and starting in July all of those metal-related operations will be working as a single unit.

Read the full press release below:

Heraeus Reorganizes US Chemicals Division Into New Heraeus Precious Metals North America LLC  A Single-Source Solution For All Precious Metals Needs

Current facilities in Newark NJ, Santa Fe Springs, CA and Wartburg TN will remain operational

Hanau, Germany – June 19, 2012 – Heraeus, an industry leading precious metals and technology group headquartered in Hanau, Germany, is pleased to announce the reorganization of the company’s US chemicals division into a single legal entity, Heraeus Precious Metals North America LLC (HPMN).  Additionally, Heraeus’ US trading division will operate under the name Heraeus Metals New York LLC (HMN). These changes are effective July 1, 2012.

The re-alignment of HPMN will now bring the US chemical sites in Newark, NJ, Wartburg, TN and Santa Fe Springs, CA, together, as one legal entity, to serve clientele with expertise in every aspect of their precious metals management – from sourcing of precious metals, refining of scrap materials, manufacturing of chemical compounds and precious metals trading. The company’s reorganization is driven by a desire to offer its customers a greater ease of business, as well as access to all of Heraeus’ products and services in a single source solution.

“Heraeus Precious Metals North America LLC will continue to deliver value to its customers at every stage of the manufacturing, refining and trading of precious metals, as well as in the production of specialty chemicals,” said Uve Kupka, President and CEO. “With the reorganization, HPMN is a single-source solution with both the breadth and the reach to manage any precious metals need. Our focus is innovation and technology, our goal is to offer the highest yield and value for our customers.”

With multiple locations strategically positioned throughout the US, supported by a global network of Heraeus Precious Metals facilities, HPMN operates in profitable and innovative markets such as the environment, mobility, communications, energy and healthcare.

To learn more about Heraeus Precious Metals North America LLC and Heraeus Metals New York LLC, please visit the Web site, www.heraeus-hpmn.com and www.heraeus-trading.com.

Heraeus Precious Metals North America LLC (HPMN) is an integral part of the globally active company Heraeus Precious Metals and it specializes in the manufacturing, refining and trading of precious metals as well as the production of specialty chemicals. The privately-held company has built a reputation of innovation, trustworthiness and responsiveness resulting in best-of-class service for its customers across multiple industries. HPMN operates facilities strategically located throughout the United States and is supported by the large network of the Heraeus Precious Metals group from around the globe, which allows HPMN to maintain a truly international production and sales presence.

About Heraeus

Heraeus, the precious metals and technology group headquartered in Hanau, Germany, is a global, private company with more than 160 years of tradition. Our fields of competence include precious metals, materials, and technologies, sensors, biomaterials, and medical products, as well as dental products, quartz glass, and specialty light sources. With product revenues of €4.8 billion and precious metal trading revenues of €21.3 billion, as well as more than 13,300 employees in over 120 subsidiaries worldwide, Heraeus holds a leading position in its global markets.