II-VI to borrow from credit facility to finance two acquisitions

By Marisa Wong

Morgantown, W.Va., Jan. 19 – II-VI Inc. said it intends to use borrowings under its credit facility, along with available cash, to finance two acquisitions.

The company plans to acquire Epiworks, Inc. and Anadigics, Inc. for a combined value of $110 million. The transactions are expected to close within 60 days.

II-VI manufactures opto-electronic components. The company is based in Saxonburg, Pa.

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