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Specialty Chemicals
First responder firm gets light stick maker Cyalume
by Alexander H. Tullo
May 6, 2022
| A version of this story appeared in
Volume 100, Issue 16
Cadre Holdings, a supplier of safety products for first responders, is buying Cyalume Technologies from CPS Performance Materials, which is owned by the private equity firm Arsenal Capital, for $35 million. Cyalume makes light sticks, invented by American Cyanamid scientists in the 1970s, that are based on a phenyl oxalate ester mixed with hydrogen peroxide. The sticks are used by the military, law enforcement, and others. Cyalume has annual sales of about $25 million. Arsenal paid $45 million for the company in 2017.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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