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Stock Market & Financial Investment News

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June 13, 2014
05:28 EDTLXFRLuxfer enters agreement to acquire two U.S. businesses for $64M
Luxfer Holdings announced that it has entered into an agreement to acquire the assets and business of Truetech and of Innotech Products, private companies operating under similar ownership, for an estimated $64M, representing a multiple of approximately eight times the expected EBITDA for 2014. Luxfer will combine the businesses of Truetech and Innotech within Luxfer Magtech, or LMI, a new wholly owned subsidiary of Luxfer Group. LMI will operate as part of Luxfer Groupís Elektron Division.
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