Micronetics buys microwave firm

Hudson-based Micronetics has acquired MICA Microwave in a deal valued at $5 million.

Micronetics said it will use $3 million of the proceeds from its new term loan to finance the cash portion of the acquisition.

Manteca, Calif.-based MICA offers a comprehensive line of high performance RF/microwave mixers and ferrite devices. Its revenues for the fiscal year ended Oct. 31 were $5.6 million.

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