Wynnchurch Capital and Luxfer Holdings announced they have entered into a definitive agreement under which an affiliate of Wynnchurch will acquire Luxfer in an all-cash transaction, taking the company private. Financial terms were not disclosed.
Luxfer is a global manufacturer of highly engineered advanced materials and components serving aerospace, defense, and other mission-critical end markets, operating through two segments, Elektron and Gas Cylinders, with a diversified, blue-chip customer base. The transaction is expected to close prior to the end of 2026, subject to approval of Luxfer shareholders, regulatory approvals, and customary closing conditions.
Support: Lazard is acting as financial advisor and Kirkland & Ellis LLP as legal advisor to Wynnchurch, while Deutsche Bank Securities Inc. is acting as exclusive financial advisor and Fried, Frank, Harris, Shriver & Jacobson LLP as legal advisor to Luxfer.
KEY QUOTES:
“This transaction delivers compelling and certain value to our shareholders while positioning Luxfer for its next phase of growth. Wynnchurch understands technically complex industrial businesses and shares our commitment to Luxfer’s employees, customers and long-term growth.”
Andy Butcher, Chief Executive Officer, Luxfer
“Luxfer is a differentiated advanced materials company with leading technical capabilities, deep metallurgical expertise and mission-critical products serving attractive aerospace, defense and demanding industrial end markets. We have tremendous respect for the business and management team and look forward to supporting the Company with long-term capital, operational resources and sector expertise.”
Greg Gleason, Managing Partner, Wynnchurch Capital
