Materials science engineering company EnPro Industries (Charlotte, NC) has entered into an agreement to acquire Alluxa (Santa Rosa, CA), which manufactures optical filters and thin-film coatings. The company’s products are developed through a proprietary coating process using advanced equipment.
Alluxa works in collaboration with customers across major end markets. The company’s design expertise and SIRRUS plasma deposition software allow it to provide specialized filters and coatings specific to customer requirements and support its ability to service customers across numerous end markets, including industrial technology, life sciences, and semiconductors.
Alluxa complements EnPro’s existing portfolio of businesses in the advanced technology space and fits with EnPro’s growth strategy. Building upon the 2019 acquisitions of LeanTeq and The Aseptic Group, Alluxa represents another step towards EnPro’s strategy to grow in attractive markets, technologies, and applications. The purchase price of Alluxa is $255 million, inclusive of rollover equity.
Alluxa’s senior management team will continue with the business after closing. The transaction, which is subject to customary closing conditions, including regulatory approvals, is expected to close in the fourth quarter of 2020.