Arsenal Capital Sells Sermatech to Praxair
Arsenal Capital Partners has sold Sermatech, a Pottstown, Penn.-based maker of protective coatings and processes used on industrial and aviation gas turbines, to Praxair Surface Technologies, a subsidiary of Praxair Inc. (NYSE:PX). No financial terms were disclosed. Sermatech last year generated $116 million in revenue, and has 625 employees.
2 July 2009•2 mins read
