Elmet Group Acquisition | Manufacturing Deal in ME

Elmet Group has completed the acquisition of Elmet Group, a precision-engineered industrial equipment business in Maine, for $125.5 million. Elmet supplies advanced high-energy systems and precision components used in manufacturing applications, supporting industrial equipment customers in ME. The company’s manufacturing capabilities and engineered product portfolio align with industrial equipment acquisition goals and manufacturing M&A activity in Maine. The other acquisition closed as an upsized initial public offering, with net proceeds of $125.5 million used to repay debt and fund working capital, growth capital, and general corporate purposes. Shares began trading on Nasdaq Capital Market under ticker ELMT after the underwriters fully exercised their option to purchase additional shares.