OM Group to Acquire Defense Battery Supplier EaglePicher Technologies for $171.9M
Dec 28, 2009 16:28 UTC
OM Group in Cleveland, OH agreed to acquire EaglePicher Technologies, a Joplin, MO-based manufacturer of batteries, battery management systems and energetic devices for the defense, aerospace, and medical industries, from EaglePicher Corp. for $171.9 million.
In fiscal year 2009, EaglePicher recorded revenues of approximately $125 million, of which approximately 60% came from its defense business, approximately 31% from its aerospace business, and the balance from its medical and other businesses…
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