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Rubicon Technology completes Janel Group acquisition for $33.3 million

Tue, 14 Oct 2025 16:15:31 -0400

Rubicon Technology Inc. (OTCQB: RBCN) completed its acquisition of Janel Group LLC from Janel Corporation (OTCQX: JANL), the companies announced October 14.

Under the transaction terms, Rubicon issued 7 million shares of common stock at $4.75 per share to acquire the Garden City, New York-based logistics company. Rubicon also assumed approximately $23 million of Janel Group's debt and net working capital liabilities while gaining access to $35 million in borrowing capacity through a revolving credit facility.

Janel Group reported revenues of approximately $181.3 million and operating income of $8.7 million for the 12-month period ended June 30, 2025. The company provides cargo

Rubicon Technology completes Janel Group acquisition for $33.3 million

Tue, 14 Oct 2025 16:15:31 -0400

Rubicon Technology Inc. (OTCQB: RBCN) completed its acquisition of Janel Group LLC from Janel Corporation (OTCQX: JANL), the companies announced October 14.

Janel Group reported revenues of approximately $181.3 million and operating income of $8.7 million for the 12-month period ended June 30, 2025. The company provides cargo

Rubicon Technology completes Janel Group acquisition for $33.3 million

Tue, 14 Oct 2025 16:15:31 -0400

Rubicon Technology Inc. (OTCQB: RBCN) completed its acquisition of Janel Group LLC from Janel Corporation (OTCQX: JANL), the companies announced October 14.

Janel Group reported revenues of approximately $181.3 million and operating income of $8.7 million for the 12-month period ended June 30, 2025. The company provides cargo

Rubicon Technology completes Janel Group acquisition for $33.3 million

Tue, 14 Oct 2025 16:15:31 -0400

Rubicon Technology Inc. (OTCQB: RBCN) completed its acquisition of Janel Group LLC from Janel Corporation (OTCQX: JANL), the companies announced October 14.

Janel Group reported revenues of approximately $181.3 million and operating income of $8.7 million for the 12-month period ended June 30, 2025. The company provides cargo

Rubicon Technology completes Janel Group acquisition for $33.3 million

Tue, 14 Oct 2025 16:15:31 -0400

Rubicon Technology Inc. (OTCQB: RBCN) completed its acquisition of Janel Group LLC from Janel Corporation (OTCQX: JANL), the companies announced October 14.

Janel Group reported revenues of approximately $181.3 million and operating income of $8.7 million for the 12-month period ended June 30, 2025. The company provides cargo

Rubicon Technology completes Janel Group acquisition for $33.3 million

Tue, 14 Oct 2025 16:15:31 -0400

Rubicon Technology Inc. (OTCQB: RBCN) completed its acquisition of Janel Group LLC from Janel Corporation (OTCQX: JANL), the companies announced October 14.

Janel Group reported revenues of approximately $181.3 million and operating income of $8.7 million for the 12-month period ended June 30, 2025. The company provides cargo

Rubicon Technology, Inc. completes acquisition of Janel Group LLC