Wednesday, August 11, 2010

Aurora Capital Group Buys Lexington Precision Corporation

Los Angeles-based private equity firm Aurora Capital Group said today that it has reorganized and acquired a majority ownership stake in Lexington Precision Corporation. Financial terms of the acquisition were not disclosed. Aurora said that Lexington is a manufacturer of tight-tolerance rubber components used for medical, automotive, and industrial applications. Lexington had emerged from Chapter 11 bankruptcy on July 30th.

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