Checon Corporation
Checon Corporation is a privately held, vertically integrated North American manufacturer of precious-metal electrical contact materials, components, and assemblies serving industrial control, power distribution, EV, aerospace, heavy-duty vehicle, and rail customers.
- Company typePrivate
- Founded1960
- HeadquartersNorth Attleboro, United States
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What Checon Corporation does
Checon Corporation (legal entity Checon, LLC), founded in 1960 and headquartered in North Attleboro, Massachusetts, is a privately held, vertically integrated manufacturer of electrical contact materials, components, and assemblies. It is a wholly-owned subsidiary of Alloy Holdings LLC following a 2021 sale. The company controls the full production process from precious-metal alloy formulation (silver, gold, and PGM alloys) through final assembly into finished contacts, contact tapes, tips, buttons, refractory contacts, contact strip/wire/rod, and bus bars with integrated electrical contacts. Its core technology stack centers on metallurgical formulation, the proprietary RapidOne automated brazing platform, integrated quality systems with inline optical measurement, and an on-site metallographic laboratory capable of endurance testing up to 480V/60Hz/540A.
Following the Q4 2023 acquisition of Umicore Electrical Materials USA, Inc., Checon became North America's largest producer of electrical contact products, operating three divisions (MAC in North Attleboro, MA; GLF in Glens Falls, NY; PAC in Kersey, PA), with the GLF site ISO 14001:2015 certified and the entire company ISO 9001:2015 certified. Checon makes money through B2B hardware sales of precious-metal contact materials and finished assemblies, supplemented by closed-loop metal reclamation services. Pricing is custom-quoted per specification with material content costs plus fabrication margins; reference metal prices are published daily. Go-to-market is direct enterprise sales with division-specific account management, supported by industry trade show presence (IEEE Holm Conference as Gold Sponsor, IEEE PES T&D, The Battery Show, DTECH, MINExpo) and technical content marketing. The company serves six primary end markets: industrial control and switching, power distribution/grid, EV systems, aerospace and defense, heavy-duty vehicle, and transit/rail.
Checon Corporation firmographics
Firmographics- Name
- Checon Corporation
- Legal name
- Checon, LLC
- Website
- https://checon.com
- Company type
- Private
- Founded year
- 1960
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Checon Corporation is a privately held, vertically integrated North American manufacturer of precious-metal electrical contact materials, components, and assemblies serving industrial control, power distribution, EV, aerospace, heavy-duty vehicle, and rail customers.
- Ownership category
- akta.pro rank
Checon Corporation industry classification
Industry- Product category
- Electrical Contacts Manufacturing
- NAICS
- Other Fabricated Metal Product Manufacturing (3329), All Other Fabricated Metal Product Manufacturing (33299), Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers (332812), Copper Rolling, Drawing, Extruding, and Alloying (331420), Nonferrous Metal (except Copper and Aluminum) Rolling, Drawing, Extruding, and Alloying (33149)
- SIC
- Metal Forgings & Stampings (3460), Miscellaneous Fabricated Metal Products (3490)
- akta.pro primary industry
- Electronic & High-Purity Specialty Chemicals (IMAEABAD)
- akta.pro secondary industry
- Precious Metals & Catalyst Materials (PGM Catalysts) (IMAEAIAN)
Keywords
Where Checon Corporation is headquartered
LocationHeadquarters
- HQ city
- North Attleboro
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Checon Corporation business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Precious Metal Contact Materials Sales: Sale of silver, gold, and PGM alloy contact materials in strip, sheet, wire, rod, and machined component formats to OEMs and industrial customers. Revenue is driven by metal content costs plus value-added fabrication margins.
- Electrical Contacts and Assemblies: Manufacture and sale of precision electrical contacts, contact subassemblies, contact tapes, tips, buttons, and refractory contacts. Includes finished switching components and bus bar assemblies with integrated electrical contacts.
- Metal Reclamation and Recycling Services: Closed-loop metal reclamation and recovery services, offering customers clean scrap 'melt to market' and recycled materials programs as part of metals management.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Reference metal market pricing for silver, gold, platinum, palladium, copper, nickel, zinc, and cadmium published daily by 2 PM EST |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels4 records
Checon Corporation product offering
Product offeringCore offering
Checon Corporation manufactures precious metal electrical contact materials, components, and assemblies for switching and power distribution applications. The company offers silver, gold, and PGM (Platinum Group Metal) alloys in strip, sheet, wire, rod, and machined component formats, and produces finished electrical contacts, contact tapes, tips, buttons, refractory contacts, and bus bar assemblies with integrated contacts. Manufacturing is vertically integrated from material formulation through final assembly, serving industrial control, power distribution, EV, heavy duty vehicle, transit/rail, and aerospace/military markets.
Product overview
Checon Corporation is a vertically integrated electrical contact materials, components, and assemblies manufacturer. The company operates a platform-plus-products model, offering Contact Materials & Brazing Alloys (including silver, gold, and PGM alloys in various formats) as foundational materials, which feed into multiple product lines: Electrical Contacts and Assemblies, Contact Tapes, Tips/Buttons & Refractory Contacts, Contact Strip/Wire/Rod, and Bus Bars with Integrated Electrical Contacts. Following the 2023 acquisition of Umicore Electrical Materials USA, Checon expanded its silver-tin-oxide and high-performance contact materials portfolio, establishing itself as North America's largest producer of electrical contact products. The company also offers companion Morvillo Precision Products through its parent company Alloy Holdings, providing an extended range of precious metal millwork products.
Differentiator
Problem solved
Functional benefit
Products and services
- Contact Materials and Brazing Alloys Precious metal alloys and brazing materials including silver, gold, and PGM (Platinum Group Metal) alloys in strip, sheet, wire, rod, machined components, and investment casting grain formats for electrical contact applications. Sold to OEMs and industrial customers.
- Electrical Contacts and Assemblies Precision electrical contacts and contact subassemblies for switching and power distribution applications, including high-performance power contact subassemblies for switchgear, automatic transfer switches, circuit breakers, and vacuum interrupters. Sold to industrial control, power distribution, EV, and aerospace/defense customers.
- Contact Tapes Clad contact tape products for various electrical switching and contact applications. Sold to manufacturers integrating contact tapes into switching and power distribution assemblies.
- Tips, Buttons and Refractory Contacts Discrete electrical contact components including contact tips, buttons, and refractory contacts for high-temperature and demanding switching environments. Produced at the PAC Refractory Contacts Division in Kersey, PA.
- Contact Strip, Wire and Rod Fabricated contact materials in strip, wire, and rod formats for manufacturing electrical contacts and components. Sold to manufacturers producing electrical contacts and assemblies.
- Bus Bars with Integrated Electrical Contacts Copper and aluminum bus bar assemblies with integrated electrical contacts and surface plating features for power distribution systems, including copper-copper-silver bus bar assemblies for battery and power distribution applications. Sold to power distribution, EV, and battery system manufacturers.
- Metal Reclamation and Recycling Services Closed-loop metal reclamation and recovery services offering customers clean scrap 'melt to market' and recycled materials programs as part of metals management. Sold to OEMs and industrial customers seeking cost-efficient recovery of precious metal scrap from contact manufacturing.
Quantifiable outcome
- GHG intensity reduced 39% from baseline by 2023 and 67.3% by 2024, surpassing committed reduction targets of 22% and 52% respectively
- +2 more outcomes
Companies that use Checon Corporation
Customer profileNamed customers6 records
Segments6 records
Ideal customer profiles4 records
Checon Corporation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Checon Corporation partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Umicore Electrical Materials USA, Inc. (Acquired)coreChecon acquired Umicore Electrical Materials USA, Inc. in Q4 2023, establishing itself as North America's largest producer of electrical contact products. The acquisition expanded Checon's offering of silver-tin-oxide and other high-performance contact materials, added manufacturing capacity, supply stability, and enhanced process capabilities.
- Renewable Energy ProviderscoreChecon has strengthened renewable energy partnerships with key energy providers to support its emission reduction goals. These partnerships are integral to achieving Checon's GHG reduction targets and transitioning away from fossil fuel reliance.
- Morvillo Precision Products (Affiliate)coreMorvillo Precision Products, an affiliate company under Alloy Holdings, offers an extensive line of silver, gold, and PGM alloys in strip, sheet, wire, rod, machined components, and investment casting grain formats. Both companies operate under Alloy Holdings and share metallurgical expertise and manufacturing capabilities.
- Lees (Affiliate)minorLees is an affiliate company under Alloy Holdings, LLC, part of the portfolio of metal solutions companies alongside Checon and Morvillo.
- Precious Metals SupplierscoreChecon maintains trusted financial and precious metals partnerships for raw material sourcing. Alloy Holdings' strong network of financial partners ensures Checon can stay ahead of the curve and anticipate future growth opportunities for optimal use of precious metals and other conductive materials.
Scale indicators7 records
Recent moves8 records
Expansion highlights5 records
Checon Corporation competitors and assessment
Company assessmentBroad incumbents
- Umicore (Electrical Materials business): Umicore is a Belgian global materials group that divested its US electrical contact materials business to Checon in 2023 but retains broader precious metals and contact material operations in Europe and Asia. It remains a global competitive reference for the products Checon absorbed and now competes with internationally.
- Materion Corporation: Materion is a publicly traded advanced materials producer with a sizable Performance Materials and Electrical contacts portfolio serving aerospace, defense, EV, and industrial markets. It is one of the largest integrated precious-metal-based contact and alloy suppliers competing in the same product categories as Checon, making it the closest scaled comparable.
- Johnson Matthey: Johnson Matthey is a UK-based sustainable technologies company with a precious metals division supplying contact materials and components for electronics, automotive, and industrial markets. It competes broadly with Checon in silver-based contact materials and PGM products on a global stage.
- Tanaka Kikinzoku Kogyo K.K. Tanaka is a leading Japanese precious metals company producing electrical contact materials and components for automotive, industrial, and electronics customers. It competes with Checon in high-reliability contact applications, particularly in Asian-OEM export programs.
Direct peers
- H. Cross Company: H. Cross Company is a private US-based precious metal refiner and contact materials manufacturer serving electrical, electronic, and industrial markets. It is comparable to Checon as a competing precious-metal alloy and contact material supplier in North America.
- Ames Goldsmith Corporation: Ames Goldsmith is a North American specialty manufacturer of silver and precious metal alloys used in electrical contacts, brazing materials, and similar components. It directly competes with Checon on silver-based contact materials for industrial and switching applications.
- Metalor Technologies USA: Metalor Technologies, headquartered in Switzerland, is a major global producer of precious metal products including electrical contact materials and components. It is one of the most direct international peers competing against Checon in contact materials for switching, circuit protection, and EV applications.
- LeachGarner: LeachGarner manufactures precious metal alloys, strips, wires, and fabricated contact components for the electrical and electronic industry. Its product range in silver and PGM alloy contacts overlaps directly with Checon's strip, wire, and rod contact materials business.
Emerging players
- DOIIMET / Deringer-Ney: Deringer-Ney (and the related DOIIMET brand) is a smaller specialized manufacturer of precision precious metal parts and electrical contact components. It is comparable as a niche precious-metal contact manufacturer competing for similar industrial and connector customers.
Regional players
- Nihon Handotai / Yamaichi Affiliates: Nihon Handotai is a Japan-based specialty industrial materials manufacturer; affiliated Japanese precious metal parts makers produce silver contact materials and assemblies for Asian markets. They serve as regional competitors not directly overlapping Checon's North American focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Checon Corporation social profiles
Digital presenceChecon Corporation compliance and trust
Trust signalCompliance5 records
Checon Corporation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Checon Corporation leadership team
Management profileNumber of profiles
Profiles10 records
Checon Corporation subsidiaries and ownership
Company hierarchySubsidiaries2 records
Checon Corporation funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Checon Corporation M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Checon Corporation
What does Checon Corporation do?
Checon Corporation manufactures precious metal electrical contact materials, components, and assemblies for switching and power distribution applications. The company offers silver, gold, and PGM (Platinum Group Metal) alloys in strip, sheet, wire, rod, and machined component formats, and produces finished electrical contacts, contact tapes, tips, buttons, refractory contacts, and bus bar assemblies with integrated contacts. Manufacturing is vertically integrated from material formulation through final assembly, serving industrial control, power distribution, EV, heavy duty vehicle, transit/rail, and aerospace/military markets.
Is Checon Corporation a public or private company?
Checon Corporation is a private company. It is classified as private equity controlled and is currently operating.
When was Checon Corporation founded?
Checon Corporation was founded in 1960. It employs 101 to 250 people.
Where is Checon Corporation based?
Checon Corporation is headquartered in North Attleboro, United States, in the North America region.
How does Checon Corporation make money?
Three revenue lines are on record. Precious Metal Contact Materials Sales are the primary driver. The others are electrical Contacts and Assemblies and metal Reclamation and Recycling Services.
Who are Checon Corporation's main competitors?
Broad incumbents on record are Umicore (Electrical Materials business), Materion Corporation, Johnson Matthey and Tanaka Kikinzoku Kogyo K.K.. Direct peers are H. Cross Company, Ames Goldsmith Corporation, Metalor Technologies USA and LeachGarner. DOIIMET / Deringer-Ney is listed as an emerging player. Nihon Handotai / Yamaichi Affiliates is listed as a regional player.
Does Checon Corporation have an API?
No public API is recorded for Checon Corporation.
What industry is Checon Corporation in?
Checon Corporation's product category is Electrical Contacts Manufacturing. Its primary akta.pro industry code is IMAEABAD, Electronic & High-Purity Specialty Chemicals, with a secondary code of IMAEAIAN, Precious Metals & Catalyst Materials (PGM Catalysts). Its NAICS code is 3329 and its SIC code is 3460.