GCA Advises EnPro on Its Announced Acquisition of Alluxa
Alluxa works in collaboration with customers across major end markets to provide customized, complex precision coating solutions through the company’s specialized technology platform and proprietary processes. The company has cultivated long-standing customer relationships across its diversified customer base. Alluxa’s global distribution capabilities support the company’s international reach, serving customers across the Americas, Europe and Asia. Founded in 2007 and headquartered in Santa Rosa, California, Alluxa has two locations in California with a total of 76 employees.
“Alluxa is recognized as a leader in specialty optical filters and thin-film coatings technology and complements our growing advanced technology presence,” said Marvin Riley, President and Chief Executive Officer of EnPro. He added: “The business adds to our robust expertise and expands the suite of proprietary products and services we offer to our customers. This acquisition demonstrates our commitment to investing in attractive technologies, software and services in high-growth, high-margin markets and is consistent with our strategy, adding advanced industrial technology capabilities, compelling financial characteristics, and an experienced management team. We look forward to welcoming Alluxa employees to EnPro and working together to create value for our customers and shareholders.”
“This is the beginning of an exciting new chapter for Alluxa, and we are thrilled to join the EnPro family of companies,” said Mike Scobey, Founder, Chief Executive Officer and Chief Technology Officer of Alluxa. “EnPro, with its extensive capital, commercial and other resources, is the perfect partner for us as we look to materially accelerate the growth of our company in the coming years.”
The transaction, which is subject to customary closing conditions, including regulatory approvals, is expected to close in the fourth quarter of 2020.