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News Breaks | | | | August 10, 2012 | | 07:32 EDT |  | CRDN | Ceradyne acquires interest in Graphite Machining Services and Innovations, LLC
Ceradyne announced that it has acquired a minority interest with an option to acquire all of Tempe, Arizona-based Graphite Machining Services and Innovations, LLC, or GMSI. GMSI has developed a proprietary method of applying a chemical vapor deposited, or CVD, silicon carbide ceramic coating on precision machined graphite shapes. The resultant product is used in the manufacture of Light Emitting Diodes, or LEDs, for the rapidly growing solid state lighting market. This acquisition of GMSI will not materially affect Ceradyne's 2012 financial performance. | |
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