Aterian Investment Partners announces that one of its affiliates has acquired the Advanced Energy Technologies, LLC (AET) division of GrafTech International Holdings Inc. AET will be renamed NeoGraf Solutions, LLC.

Founded in 1886 in Lakewood, Ohio by its predecessor firm the National Carbon Company, NeoGraf is a leading technology developer and manufacturer of high quality flexible natural and synthetic graphite, powders and flakes used in thermal management, fire resistance and other applications.

NeoGraf provides mission-critical products that are used for heat dissipation, heat spreading, or utilized as a fire retardant additive to materials due to thinness, flexibility, low weight, and high conductivity characteristics. NeoGraf is the only domestic manufacturer of synthetic and natural flexible graphite and is known globally as the technical and innovation leader.

Andy Reynolds, CEO of NeoGraf, stated, “This transaction infuses new energy and business development experience into the Company and is a critical step in NeoGraf’s continued development. Aterian has demonstrated a track record of investing in operations and growing businesses alongside management. Aterian’s support will allow NeoGraf to continue providing technology-leading, high quality products to our existing customers, as well as pursue additional business initiatives and service offerings.”

Brandon Bethea, Principal at Aterian, commented, “We are excited to acquire NeoGraf, not only for its longstanding leadership position within the synthetic and natural flexible graphite market, but also for the opportunity to partner with the management team in the next stage of NeoGraf’s growth. We look forward to supporting and expanding the Company’s technical, innovation, quality, and customer service leadership position.”