Acquisition Of Spectrum Thermal Processing

Summary by AI BETAClose X

Bodycote plc has acquired Spectrum Thermal Processing, an Aerospace and Defence heat treatment provider in Cranston, Rhode Island, for approximately $8 million in cash. This strategic acquisition enhances Bodycote's presence in the North American Aerospace & Defence market by adding Nadcap-accredited precision heat treatment capabilities. The move aligns with Bodycote's strategy to improve its portfolio quality and increase exposure to higher growth markets, following the disposal of ten automotive and industrial sites in France.

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Bodycote (BOY)
UK 100

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