Ceradyne Acquires EP Boron

The deal is worth $69 million.
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Ceradyne

(CRDN)

agreed to acquire EaglePicher Boron for $69 million in cash.

EaglePicher Boron, of Quapaw, Okla., was established in the early 1970s to produce the boron isotope B10. This isotope is a strong neutron absorber and is used for both nuclear waste containment and nuclear power plant neutron radiation control.

The company also produces complementary chemical isotopes used in the normal operation and control of nuclear power plants.