Rubicon Technology Acquires Janel Group LLC
October 14, 2025
Rubicon Technology, Inc. (OTCQB: RBCN) has completed the acquisition of Janel Group LLC from Janel Corporation (OTCQX: JANL), making Janel Group a wholly owned subsidiary of Rubicon. The transaction was effected in exchange for 7,000,000 shares of Rubicon common stock, with Rubicon assuming approximately $23 million of Janel Group indebtedness and gaining access to $35 million in borrowing capacity; Janel Group (Garden City, New York) reported approximately $181.3 million of revenue for the 12 months ended June 30, 2025.
- Buyers
- Rubicon Technology, Inc.
- Targets
- Janel Group LLC
- Sellers
- Janel Corporation
- Industry
- Logistics & Distribution
- Location
- New York, United States
- Transaction Type
- Buyout
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