OM Group takes over Ener-Tek for $24m
News image:
US metal-based chemistry firm OM Group has acquired battery maker Ener-Tek International (Ener-Tek) for $24m.
Rhode Island-based Ener-Tek manufactures lithium-ion and silver-zinc batteries for the defence and aerospace markets. According to Ohio-headquartered OM Group, the company aims to offer a wider range of products with the transaction of Ener-Tek and its subsidiary Yardney Technical Products.
To keep up to date with the latest news, subscribe to BBB, and get the top stories delivered to your inbox FREE every Monday morning.