Luxfer Holdings will go private after Wynnchurch Capital agrees to acquire the advanced materials maker for approximately $420 million.
Wynnchurch Capital announced an all-cash deal to acquire Luxfer Holdings (LXFR), taking the advanced materials manufacturer private. The transaction values Luxfer at approximately $420 million, though financial terms were not disclosed in the release.
Luxfer shares were flat in premarket trading following the announcement. The stock had climbed 27% year-to-date prior to the deal, outperforming broader market indices. The company supplies high-performance materials for industries including aerospace, healthcare, and transportation.
The acquisition is expected to close in the fourth quarter, subject to regulatory approvals and customary closing conditions. No immediate market reaction was reported in the release.