Rubicon Technology, Inc. completes acquisition of Janel Group LLC
RUBICON TECH INC (RBCN)
US:NASDAQ Investor Relations:
rubicontechnology.com
Company Research
Source: PR Newswire
BENSENVILLE, Ill. and NEW YORK, Oct. 14, 2025 /PRNewswire/ -- Rubicon Technology, Inc. (OTCQB:RBCN) ("Rubicon") and Janel Corporation (OTCQX:JANL) ("Janel Corp") today announced that they have completed the previously announced transaction, pursuant to which Rubicon has acquired Janel Group LLC ("Janel Group"). Following the closing, Janel Group has become a wholly owned subsidiary of Rubicon and Janel Corp has received shares of Rubicon common stock in accordance with the terms of the definitive merger agreement entered into as of August 20, 2025. Janel Group, based in Garden City, New York, and originally founded in 1974, was a wholly owned subsidiary of Janel Corp. Janel Group had revenues of approximately $181.3 million and operating income of approximately $8.7 million for the 12-month period ended June 30, 2025. The company is a non-asset based, full-service provider of cargo transportation logistics management services. Its manag
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