Mergers & Acquisitions

Helwig Carbon Products, Inc. Announces Purchase of SGL Carbon's Electrical Carbon Operation in St. Mary's, PA

Helwig Carbon Products, Inc. - Milwaukee, WI

Original Press Release

Helwig Carbon Products, Inc. Announces Purchase of SGL Carbon's Electrical Carbon Operation in St. Mary's, PA

Press release date: July 1, 2009

MILWAUKEE, WI, USA, JULY 1, 2009: Helwig Carbon Products, Inc. announces the purchase of the electrical carbon operation in St. Mary's, PA from SGL Carbon. Historically this plant was known as Speer Carbon, one of the leaders in technical developments for the carbon brush industry. Helwig Carbon has formed a joint venture company called E-Carbon America along with a partner, Gerken SA of Verviers, Belgium to facilitate this purchase. Helwig Carbon has been purchasing materials from this facility for over 80 years and Gerken SA has been buying these materials for over 50 years. Jeff Koenitzer, CEO of Helwig Carbon said "This is the most significant event in our 80 history. We are the only American owned fully integrated carbon company in the US. This is a strategic acquisition that provides security for our customers and employees." Helwig Carbon is an 80 year old American manufacturer of carbon brushes, brushholders, and mechanical carbon. Helwig's products are used in electric DC motors for industries like Power Generation, Mining, Steel, Paper, Elevators, Railroad, and Transits.

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