# Materion Corporation

Materion Corporation is a Pension Fund based in Mayfield Heights, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Mayfield Heights, United States
- **Region:** North America
- **Address:** 6070 Parkland Blvd, Mayfield Heights, OH 44124, United States
- **Founded:** 1931
- **Assets under management:** Undisclosed
- **Website:** materion.com
- **LinkedIn:** https://www.linkedin.com/company/materion-corporation

## Regulatory record

- **Reports private funds:** No

## About

A global supplier of specialty materials including high-performance alloys, beryllium products, metal matreix composites, clad metals, thin film deposition materials and precision optics.


## Sectors

- Industrial Tech
- Energy Transition & Renewables
- SpaceTech
- Mobility & Transportation

## Offices

- Elmore, OH
- Tucson, AZ
- Elmhurst, IL
- Westford, MA
- Newton, MA
- Jena, Germany
- Balzers, Liechtenstein

## People

- Jugal K. Vijayvargiya — President and Chief Executive Officer
- Shelly M. Chadwick — Vice President, Finance and Chief Financial Officer
- Gregory R. Chemnitz — Vice President, General Counsel and Secretary

## Questions

### Is Materion's beryllium supply strategically significant?

Yes. Materion operates the only domestic bertrandite mine in the United States, located in Juab County, Utah. The Department of Defense has historically stockpiled beryllium for strategic use, and Materion's Elmore, Ohio facility is the primary U.S. processor of beryllium metal and alloys. This makes the firm a sole-source or one-of-few supplier for multiple defense platforms, including the F-35 Joint Strike Fighter's electro-optical targeting system.

### How does Materion generate revenue from semiconductor fabrication?

Materion's Advanced Materials segment produces high-purity sputtering targets and electronic packaging materials used in chip manufacturing. Its Precision Optics business in Westford, Massachusetts and Balzers, Liechtenstein supplies thin-film optical filters critical for extreme-ultraviolet lithography systems. These components are specified into the tools that fabricate advanced logic and memory chips.

### What was Materion's largest recent acquisition?

In November 2022, Materion acquired the tantalum and niobium business of H.C. Starck Solutions for an undisclosed sum. The deal added electron-beam-melted refractory metals used in corrosion-resistant chemical-processing equipment and aerospace components, expanding Materion's footprint in high-temperature alloys for hypersonic and industrial applications.

### Who runs investment and capital-allocation decisions at Materion?

Capital allocation is managed by the executive leadership team under CEO Jugal Vijayvargiya and CFO Shelly Chadwick. Vijayvargiya joined Materion in 2017 from TE Connectivity, where he ran a $2B sensors and connectivity division. The board, chaired by Vinod Khilnani, oversees major M&A, including the H.C. Starck Solutions transaction.

### Which end-markets drive Materion's demand?

Materion serves defense, semiconductor capital equipment, automotive electrification, industrial automation, and medical imaging. Specific material applications include beryllium-copper connectors for electric vehicles, thin-film coatings for wafer-inspection optics, and beryllium substrates for satellite thermal-management systems.

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Last updated: 2026-06-03T20:00:00.000Z

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