Luxfer Holdings PLC (NYSE: LXFR) has announced the completion of the sale of its Graphic Arts business to Vulcan Metals Specialty Products, Inc., an affiliate of TerraMar Capital LLC. This decision follows Luxfer's strategic review aimed at enhancing its core focus on the Gas Cylinders and Elektron segments. The divestiture is intended to sharpen the company's commitment to innovation and growth in these areas. Financial advisory services for the transaction were provided by XMS Capital Partners, with legal counsel from Fried, Frank, Harris, Shriver & Jacobson LLP. The terms of the transaction were not disclosed.
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