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Grafoid finalizes its agreement to acquire Alcereco

News International-French

7 Oct 2014

The company announces it has reached final agreement and closed its acquisition of the company specialized in advanced composite materials, alloys and coatings.

The company focused on the development, testing and production of advanced materials.

Under the terms of agreement, Grafoid purchased all of the issued and outstanding shares of Alcereco from the shareholders in exchange for 250,000 common shares of Grafoid at a price of US$5.00 per share, for a total value of US$1,250,000.

Based in Kingston, Ontario, Alcereco provides independent technical expertise, contract research, analytical and testing services. It specializes in aluminum and other light metals working to enhance performance of lightweight materials that can efficiently deliver greater strength and functionality.

Technology markets served by the company include, but are not limited to: aerospace, automotive, electronics, sporting goods, infrastructural and mining sectors.

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