Elmet Technologies
Elmet Technologies manufactures high-purity refractory metals including molybdenum, tungsten, and niobium products and alloys, supported by precision machining, advanced fabrication capabilities, and an expanding portfolio in additive manufacturing powders.
- CEO / Founder
- Derek Fox
- Team Size
- 201-500
- Stage
- Subsidiary
- Total Funding
- $2M
- Latest Round
- Private Equity
- Key Investors
- Anania & Associates Investment Company LLC
Technology & Products
Key Products
Elmet Technologies manufactures high-performance tungsten, molybdenum, and related alloys in various forms including plate, sheet, foil, rod, wire, and high-purity powders. Their products are used in medical imaging collimators, sputtering targets, crucibles, sintering boats, and furnace hot zones.
Technological Advantage
Vertically integrated operations with precision engineering, ensuring rigorous quality control and secure supply chains, while expanding into additive manufacturing powders.
Differentiation
Value Proposition
Provides high-quality refractory metals and alloys with a reliable US-based supply chain, precision machining, and advanced fabrication capabilities to meet exacting industry specifications.
How They Differentiate
A fully integrated, US-based supply chain with advanced manufacturing, custom engineering capabilities, and strategic expansions in niobium and additive manufacturing powders.
Market & Competition
Target Customers
Companies in aerospace, defense, semiconductor, medical, energy, lighting, electronics, thin film coating, automotive, and industrial furnace industries
Industry Verticals
Aerospace, Defense, Semiconductor, Medical, Energy, Lighting, Electronics, Thin Film Coating, Automotive, Industrial Furnaces
Competitors
Boston Metal, Tetramer Technologies, Sylhan
Growth & Milestones
Growth Metrics
Parent The Elmet Group IPOed on NASDAQ (ELMT) in Apr 2026 raising ~$120M; Elmet Tech operates as CMC subsidiary with ~400 employees across ME/OH/MI (>500k sq ft). Jun 2026: $4.3M U.S. Department of War contract to expand Mo/AM defense manufacturing capacity.
Major Milestones
Founded in 1929, Acquisition by Anania & Associates Investment Company LLC (2015), Partnership with TANIOBIS (2023), Acquisition of H.C. Starck Solutions Americas (2023), Reorganization into The Elmet Group (Jan 2 2026), Parent The Elmet Group Co. NASDAQ IPO ELMT ~$120M (Apr 2026), U.S. Patent 12,571,080 for refractory metal AM (Mar 2026), $4.3M U.S. Department of War contract for Mo defense components (Jun 2026)
Notable Customers
Elmet Technologies serves industries including defense, aerospace, medical, semiconductor, lighting, electronics, thin-film, automotive, chemical processing, and glass melting.
Equipment deals on record
Publicly disclosed purchases or installs only.
- DMP Flex 350 TripleBuyer: Elmet Technologies · Supplier: 3D Systems