Brookfield Closes Take-private Purchase of GrafTech
August 18, 2015
Brookfield Asset Management has completed its acquisition of GrafTech, a provider of graphite material solutions for steel manufacturing, advanced energy applications and electronics, among other industries and end markets. As a result of the transaction, GrafTech common shares have ceased trading on the NYSE; terms of an acquisition offer in April valued the company at nearly $700 million. GrafTech, which sells products in over 70 countries, has roughly 2,400 employees operating 18 principal manufacturing facilities across four continents.