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All cash deal valued at $4.45 million.
July 9, 2009
By: TOM BRANNA
Editor
SpongeTech Delivery Systems, Inc. acquired Dicon Technologies (“Dicon”), a company that specializes in research and development of products derived from hydrophilic urethane chemistry. SpongeTech acquired Dicon for $4.45 million in cash only. According to SpongeTech, the Company has immediately picked up approximately $10 million in revenues and approximately $1.5 million in pre-tax earning from the acquisition. Dicon currently sells various products in...
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