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Business/Financial

J.F. Lehman & Co. Acquires Cobham’s Rescue Beacon Business

Defense Daily Staff

Tuesday, July 10th, 2012

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The private equity firm J.F. Lehman & Co. yesterday said it has acquired a rescue beacon business from Britain’s Cobham plc for $73 million. Cobham said that the ACR Electronics, Inc., business, which is based in Florida, is a non-core asset and has customers in the outdoor recreational markets through retail outlets and customers in mature military markets. Cobham said the divestiture, which also includes the sale of a small German-based electronics business to its management, represents the most significant…

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