DivestmentApr 7, 2026, 04:01 PM
CVD Equipment Completes Sale of SDC Business for $16.9M, Secures Two-Year Lease for Saugerties Facility
AI Summary
CVD Equipment Corporation announced the completion of the previously disclosed sale of its Stainless Design Concepts (SDC) business division to a subsidiary of the Atlas Copco Group. The transaction generated an aggregate consideration of $16.9 million for CVD Equipment, with $900,000 placed in escrow for post-closing adjustments and indemnification obligations. This divestiture allows CVD Equipment to streamline its operations and potentially reallocate capital, while also retaining ownership of its Saugerties, New York facility and securing a two-year lease agreement with the buyer, providing an initial annual rent of $182,750.
Key Highlights
- CVD Equipment Corporation completed the sale of its Stainless Design Concepts (SDC) business division on April 1, 2026.
- The SDC business was sold to a subsidiary of the Atlas Copco Group.
- The aggregate consideration for the transaction was $16,900,000, subject to customary post-closing adjustments.
- $900,000 of the purchase price was placed in escrow to secure post-closing adjustments and indemnification obligations.
- CVD Equipment retained ownership of its Saugerties, New York facility.
- A Facility Lease agreement was entered into with the Buyer for the Saugerties facility, with an initial term of two years and an initial annual rent of $182,750.