EDAC Technologies Acquires EBTEC

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6/1/2012 3:54 PM ET

EDAC Technologies Corp. (EDAC: Quote) announced that it has acquired EBTEC Corporation, a provider of advanced precision manufacturing processes and fabrication solutions to leading aerospace, power generation, industrial, semiconductor and medical customers. Privately-owned EBTEC, which is headquartered in Agawam, Mass., had sales of $12.6 million in 2011.

The purchase price was approximately $11 million, of which $1.65 million has been paid in EDAC stock, with the balance funded by financing through TD Bank N.A.

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