Ceradyne acquires glass maker for $27 million

Date: 7 January 2011
Source: Ceradyne Inc.,
Ceradyne Inc., which makes ceramic body armor and solar products, said it acquired Viox Corp., a specialty glass maker, for $27 million.

The price includes a post-closing adjustment in about two months as well as contingent payments of up to $22 million.

Ceradyne said it expects the acquisition will help earnings immediately. Viox will become part of the company´s advanced ceramic operations segment and all current Viox staffers will stay in Seattle. Ceradyne shares rose 36 cents to $33.72 in morning trading.

600450 Ceradyne acquires glass maker for $27 million glassonweb.com

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