2012-08-15

Ceradyne Acquires GMSI to Enter LED Market

To enter into LED lighting market, Ceradyne has acquired a minority interest with an option to acquire all of Tempe, Arizona-based Graphite Machining Services and Innovations, LLC (GMSI). And this acquisition of GMSI will not materially affect Ceradyne's 2012 financial performance. Ceradyne currently develops, manufactures, and markets advanced technical ceramic products and components for defence, industrial, energy, automotive/diesel, and commercial applications. GMSI has developed a proprietary method of applying a chemical vapour deposited (CVD) ...
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