CVD Completes the Sale of its 555 North Research Place Facility
CVD Equipment Corporation (NASDAQ: CVV ), a leading provider of chemical vapor deposition systems and materials, today announced it closed on the sale of its facility located at 555 North Research Place, Central Islip, New York (555 Building) for the purchase price of $24,360,000.
- CVD Equipment Corporation (NASDAQ: CVV ), a leading provider of chemical vapor deposition systems and materials, today announced it closed on the sale of its facility located at 555 North Research Place, Central Islip, New York (555 Building) for the purchase price of $24,360,000.
- The Company previously announced it had entered into a contract of sale in March 2021.
- Thomas McNeill, Executive Vice President & Chief Financial Officer, said We are pleased to announce the closing of the sale of the 555 Building on July 26, 2021.
- The sale was a key step in our business strategy by converting brick and mortar to working capital.