Elmet Technologies, Inc. (“Elmet”) is a fully integrated global leader in the production of highly specialized and engineered molybdenum and tungsten products.
The sudden bankruptcy of one of Elmet's largest customers created a challenging situation for the Company. The Company relied on the strength of the relationships with its customers, as well as its unique position in the industry to overcome this difficult situation. The Company made the decision to seek strategic alternatives; however, market dynamics required a rapid approach to transaction execution.
G2 was engaged to represent Elmet as its exclusive sell-side advisor, and was responsible for running an expeditious, targeted, and high-touch sale process – while also evaluating other strategic alternatives.
The deal was successfully executed through a series of transactions with multiple parties. Ultimately, the business was sold to Anania & Associates and Company management. Anania & Associates is a Maine-based investment firm that focuses on well-managed specialty manufacturing businesses.