BALVE, GERMANY – The previously announced merger between Cobar Group BV and Balver Zinn became official today, as ownership of Cobar was transferred to the non-ferrous metals producer.

The selling price was not disclosed. The merged entity has reported consolidated annual revenues of 70 million euros.

The companies in March signed a letter of intent to merge.

Balver Zinn will focus on solder materials metallurgy, while Cobar will lead paste, flux and related product development, the newly merged company said in a statement.
 
Cobar managing director Eli Westerlaken said, "I see this relationship bringing benefits to both companies’ customers and a platform for development of more advanced assembly materials.”

Privately held Balver Zinn holds licenses for SN100 from Nihon Superior and for SAC alloys (Iowa State University and Senju).