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Haydale successfully raised £500,000 to finalize the ACMC deal

Tuesday, October 11, 2016 23:41
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(Before It's News)

Haydale recently announced that it raised around £2 million to finance an acquisition, and that it intends to raise a further £500,000. Haydale now announced that the 2nd raise was heavily over-subscribed and it successfully raise those £500,000.

Haydale carbon materials photo

Haydale is set to acquire ACMC, a US-based silicon carbide whisker manufacturer, for $7 million in a cash and shares deal, and to finance the deal Haydale raised the £2.6 million. Haydale believes that acquiring a complementary business offering significant growth potential and synergistic products is the best way to secure US business.

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