Carborundum Universal Limited (CUMI) has successfully acquired 100% membership interests in Silicon Carbide Products LLC, further strengthening its position in the advanced materials sector. This marks yet another significant acquisition completed on March 21, 2025.
Key Highlights of the Acquisition
Acquiring Entity: Carborundum Universal Limited (CUMI).
Acquired Entity: Silicon Carbide Products LLC.
Acquisition Completion Date: March 21, 2025.
Final Consideration: USD 7,047,944.26.
Initial Payment: USD 6,872,044.03 (subject to adjustments).
Additional Payment Made on Closing: USD 175,900.23 due to higher cash and working capital.
At the initial closing, USD 6,872,044.03 was paid to the sellers, with the final purchase price adjustment bringing the total consideration to USD 7,047,944.26. The remaining balance of USD 175,900.23 was paid on March 21, 2025, completing the transaction.
