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EnPro Industries Acquiring Alluxa

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CHARLOTTE, N.C., Sept. 28, 2020 — EnPro Industries is acquiring optical coatings and filters company Alluxa in a deal worth $255 million. The transaction, which is subject to customary closing conditions, including regulatory approvals, is expected to close in the fourth quarter of 2020. Additional details will be provided during EnPro’s third-quarter earnings call.

The deal will enhance EnPro’s presence in several of the technology company’s key service areas, including industrial technology, the life sciences, and semiconductors. Founded in 2007 and headquartered in Santa Rosa, Calif., Alluxa has two locations in Calif. and more than 75 employees. The senior management team at Alluxa will continue with the business following the deal's closing.

 



Photonics.com
Sep 2020
GLOSSARY
optical filters
An optical element that blocks or transmits a selected wavelength of light. Optical filters can either be absorption filters or interference filters. Absorption filters absorb any unwanted wavelengths while the interference filter will use the effects of constructive and destructive superposition to transmit only the selected wavelength.
thin film
A thin layer of a substance deposited on an insulating base in a vacuum by a microelectronic process. Thin films are most commonly used for antireflection, achromatic beamsplitters, color filters, narrow passband filters, semitransparent mirrors, heat control filters, high reflectivity mirrors, polarizers and reflection filters.
BusinessacquisitionsmaterialsFiltersoptical filtersopticsAmericasmergers & acquisitionsmergersAlluxaMaterial Sciencethin filmthin film coatingcoatingssemiconductors

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