Artemis Capital-backed McDanel Advanced Material Technologies to acquire Rayotek Scientific.

Artemis Capital-backed McDanel Advanced Material Technologies, a developer and manufacturer of ceramic tubes and components, agreed to acquire Rayotek Scientific, a provider of engineering, molding, slumping, polishing, brazing, sealing, grinding and glass water jet cutting services. Financial terms were not disclosed. "We are very excited to be partnering with the Rayotek Team. Our organizations complement each other in a variety of ways. From shared core values, customer-driven approach, and passion for solving complex material science challenges - we are excited about Rayotek's bright future and look forward to building upon the strengths of a combined organization and team," Michael Ingram, McDanel President and COO.