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Asset Sale of H.C. Materials Corporation

Represented H.C. Materials Corporation, the worldwide leader in the manufacture of giant-piezoelectric single crystals, specializing in lead magnesium niobate-lead titanate (PMN-PT) based piezocrystals and crystal elements, in the sale of its assets to Channel Technologies Group, LLC, an affiliate of Blue Wolf Capital.
Represented H.C. Materials Corporation, the worldwide leader in the manufacture of giant-piezoelectric single crystals, specializing in lead magnesium niobate-lead titanate (PMN-PT) based piezocrystals and crystal elements, in the sale of its assets to Channel Technologies Group, LLC (CTG), an affiliate of Blue Wolf Capital. H.C. Materials supplies crystal products for next-generation acoustic transduction devices in a variety of applications such as medical ultrasound imaging, ocean mining, sensors, transducers and sonar systems. As part of the acquisition, Dr. Pendgi Han, founder and president of H.C. Materials, will become an equity owner of CTG, as well as an active board member. Other terms of the deal were not disclosed.