Cadre to Acquire Chemical Illumination Solutions Maker Cyalume Technologies for USD 35m.
MANews-(C)2009-2022
Florida, US-based safety equipment manufacturer Cadre Holdings, Inc. (NYSE: CDRE) has agreed to acquire Massachusetts-based chemical illumination solutions manufacturer Cyalume Technologies for USD 35m, the company said.
The transaction is subject to customary adjustments for net working capital, transaction expenses and indebtedness.
The transaction is anticipated to close in May 2022, subject to the satisfaction of customary closing conditions, and is expected to be funded through available cash on the company's balance sheet and a draw on its existing credit facilities.
Cyalume is in chemical light solutions, providing light sticks...
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