09:02 AM EDT, 11/01/2024 (MT Newswires) -- Integer Holdings ( ITGR ) has completed the sale of its non-medical Electrochem business to Ultralife ( ULBI ) for $50 million in cash, the companies said Friday.

Integer said it will use the proceeds for the payment of outstanding debt.

Meanwhile, Ultralife ( ULBI ) said it financed the deal with a new credit and security agreement with M&T Bank and Community Bank as lenders.

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