GlobeNewswire·Nov 5, 2026, 8:00 AM ET

Forge Nano Completes Acquisition of HZO, Uniting Two Nanoscale Coating Platforms for Electronics, Semiconductor and Defense Markets

Forge Nano Holdings, Inc. completed the acquisition of HZO, Inc., a Morrisville, North Carolina-based provider of protective nanocoatings for electronics.
The transaction was structured as an all-stock deal involving approximately 7.3 million shares of Forge Nano common stock, subject to post-closing adjustments.
Approximately 5.8 million shares were issued at closing, while 1.5 million shares were held back for twelve months to secure indemnification obligations.
HZO will operate as a wholly owned subsidiary under its existing brand, led by President Rachael Lerebours, with employees joining Forge Nano.
The acquisition combines Forge Nano's atomic layer deposition (ALD) technology with HZO's Parylene & thin-film coating capabilities to offer surface engineering across the device lifecycle.
Facilities in Morrisville, North Carolina, will operate adjacently, integrating HZO's production capacity with Forge Nano's defense battery & semiconductor programs.
Customers will gain access to a unified portfolio serving consumer electronics, energy, IoT, medical device, & automotive sectors.
HZO operates three coating facilities in the U.S., Mexico, & Vietnam, serving major global manufacturers in multiple industries.
Forge Nano's headquarters are located in Thornton, Colorado, & it trades on the NASDAQ under the ticker symbol NANO.