CVD Equipment completes sale of SDC division for $16.9 million cash

Reuters04-02 21:00

CVD Equipment completes sale of SDC division for $16.9 million cash

CVD Equipment completed sale of Stainless Design Concepts division for about USD 16.9 million in cash, subject to adjustments.
Net cash proceeds were about USD 15 million.
USD 0.9 million will be held in escrow for potential post-closing adjustments and indemnification obligations.
CVD will retain ownership of its Saugerties, New York facility.
Facility will be leased to buyer for an initial two-year term.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CVD Equipment Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 202604020900BIZWIRE_USPR_____20260331_BW289859) on April 02, 2026, and is solely responsible for the information contained therein.

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