Monday, October 14, 2013

Channel Technologies Group Buys H.C. Materials

Santa Barbara-based Channel Technologies Group, a manufacturer of piezoelectric ceramics, transducers, and other related products, said Friday that it has acquired H.C. Materials, a manufacturer of crystals used in medical ultrasound imaging, ocean mining, sensors, transducers and sonar systems. Financial terms of the acquisition were not announced. H.C. Materials was based in Illinois. According to Channel Technologies Group, the acquisition will support its efforts in the piezoelectric single-crystal area, particularly for the medical ultrasound market. Channel Technologies Group acquired H.C. Materials from its founder, Dr. Pengdi Han, who has joined the company's board and has become an equity owner in the company.