PMGC Holdings Signs Non-Binding LOI To Acquire California-Based Computer Numerical Control Machining Company; Terms Undisclosed

Author: Benzinga Newsdesk | June 16, 2025 07:02am

• Acquisition Target Specializes in Precision Milling, Turning, Mold Manufacturing, and Specialty Metals Expertise Serving Aerospace, Defense, and Industrial Markets
• This is PMGC's third pending acquisition since April of 2025, demonstrating that its M&A strategy is well underway, with additional deals expected this year.
• PMGC Sees Significant Opportunity in Acquiring Additional US based CNC and Precision Manufacturing Companies Serving Aerospace, Industrial, and Defense Markets.
   

NEWPORT BEACH, Calif., June 16, 2025 (GLOBE NEWSWIRE) -- PMGC Holdings Inc. (NASDAQ:ELAB) (the "Company," "PMGC," "we," or "us"), a diversified public holding company, is pleased to announce the signing of a non-binding Letter of Intent ("LOI") to acquire a California-based, cash-flow positive computer numerical control ("CNC") machining company with over 35 years of operational history.

Posted In: ELAB