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Business/Financial

Molecular Products Acquires O.C. Lugo, Expanding Navy Business

By Cal Biesecker

Monday, November 4th, 2019

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Molecular Products Acquires O.C. Lugo, Expanding Navy Business

O.C. Lugo's products include chlorate candles provided to the Navy for emergency oxygen. Photo. O.C. Lugo

Molecular Products Group, a portfolio company of Arlington Capital Partners, on Monday said it has acquired O.C. Lugo Company in a deal that adds capabilities in the U.S. for chemical oxygen generator manufacturing and expands its presence with the U.S. Navy. Terms of the deal were not disclosed. O.C. Lugo, which is based in Pennsylvania, says it is the primary contractor of emergency oxygen systems for the Navy. The company’s products are used in military, petrochemical and marine markets. Molecular…

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