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CVD Equipment completes divestiture of Stainless Design Concepts for about $16.9M

CVD Equipment Corporation has sold its Stainless Design Concepts (SDC) business division for approximately $16.9 million in cash, with net proceeds of about $15.0 million after transaction costs and a $900,000 escrow. The company will retain ownership of its Saugerties, New York manufacturing facility and lease it to the buyer for an initial two-year term.