Elkem to acquire KeyVest Belgium

Norway's Elkem has entered into an agreement to acquire KeyVest Belgium, a specialist in the sourcing of materials and production of metal powders.

KeyVest was established in 2007 as an independent processing and milling company of silicon carbide and silicon metal powders. The company is also a distributor of related products such as ferrosilicon nitride, fused silica, boron carbide, and aluminium powder.

Read more: Elkem to pilot world's first carbon capture for silicon smelters

KeyVest focuses on building long-term relationships with its customers and produces around 140 tailor-made products as per customer requirements, with annual revenues of around €9.6 million.

“The acquisition of KeyVest fits well into Elkem’s offerings to the refractory market, enabling us to further grow by providing additional specialised products to our current customers, improve our service level and processing capabilities and grow in adjacent segments," said Elkem’s senior vice president for Silicon Products, Inge A. Grubben-Strømnes.

"Through this agreement, we also secure opportunities for production optimisation. This is in line with Elkem’s strategy of growth through increased specialisation.”

Read more: Elkem acquires Chinese silicone manufacturer Polysil

Elkem offers a wide portfolio of high-quality products for the production of advanced refractory and ceramic products globally. The company says that the KeyVest acquisition will further support and expand this offering.

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