Luxium gets new debt financing via KeyBanc for PLX purchase

By Sara Rosenberg

New York, March 4 – Luxium Solutions LLC is using new debt financing to fund its acquisition of PLX from an investor group led by Tinicum, according to a news release.

KeyBanc Capital Markets provided the debt financing.

Luxium is a Hiram, Ohio-based provider of single crystal scintillation materials for radiation detection applications, as well as sapphire and garnet substrates for photonics and power electronics. PLX is a Deer Park, N.Y.-based designer and manufacturer of high-precision optical assemblies and products for the defense and aerospace sectors as well as other industries.

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