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CVD Equipment Corporation Announces Definitive Agreement for the Sale of its SDC Division

  • CVD Equipment Corporation (NASDAQ: CVV) entered a definitive agreement to sell its Stainless Design Concepts (SDC) business division to Atlas Copco Group.
  • The purchase price is approximately $16.9 million in cash, subject to adjustments.
  • The transaction is expected to close in the second quarter of 2026, pending customary conditions.
  • CEO Manny Lakios stated the divestiture allows the company to focus on its core CVD Equipment business in Central Islip, New York.
  • Net cash proceeds after expenses & taxes are expected to be approximately $15.0 million.
  • $900,000 of the proceeds will be held in escrow for post-closing adjustments & indemnification obligations.
  • CVD Equipment will retain ownership of its Saugerties, New York facility & lease it to Atlas Copco for an initial two-year term.
  • Proceeds will be used to enhance financial flexibility & support initiatives aimed at maximizing shareholder value.
  • CVD Equipment designs & manufactures chemical vapor deposition, thermal processing, & related equipment for aerospace, silicon carbide, & EV battery markets.