CVD Equipment Corporation entered into an Asset Purchase Agreement on March 23, 2026, to sell all or substantially all assets of its Stainless Design Concepts (SDC) business division to Atlas Copco Group for $16,900,000, subject to adjustments. The transaction provides net cash proceeds of approximately $15.0 million after expenses and taxes, strengthening the balance sheet and enabling focus on core CVD Equipment business.
Key takeaways
Entered Asset Purchase Agreement on March 23, 2026, with Atlas Copco Group
Selling SDC business division assets for $16,900,000 purchase price, subject to adjustment
$900,000 of purchase price held in escrow for post-closing adjustments and indemnification
Retains ownership of Saugerties, New York facility, to be leased to buyer for initial two years
Closing expected in second quarter of 2026, subject to customary conditions
Net cash proceeds approximately $15.0 million after transaction expenses and taxes