Luxium Solutions to Acquire Inrad Optics
HIRAM, Ohio, April 9, 2024 — Luxium Solutions, a provider of advanced engineered materials and solutions, has entered into a definitive agreement to acquire Inrad Optics, Inc., a provider of advanced optical components, assemblies and systems, in an all-cash transaction that values Inrad Optics at approximately $19 million, including assumed debt. According to Luxium CEO Michel Cahill, the acquisition will provide complementary additions to Luxium's portfolio. For Inrad, CEO Amy Eskilson believes the merger will