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No terms were disclosed.
J2 was founded nearly five years ago by materials scientists Jonathan Levine-Miles, who serves as CEO, and John Ciraldo, who is its chief technical officer. It specializes in growing gem diamonds with chemical vapor deposition (CVD), as well as high-performance diamond substrates used for industrial purposes, including optics for advanced synchrotron sources, quantum computer logic, and semiconductor applications.
It also has an extensive intellectual property portfolio, said a WD statement.
“Our acquisition of J2 is an important milestone for WD Lab Grown Diamonds,” said Sue Rechner, CEO of WD, in the statement. “The combination of our patented technology and scale, with J2’s unique process mastery and expertise, will markedly expand our capability.”
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WD Lab Grown Diamonds Acquires J2 Materials, a Pioneering Materials Science Company
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WASHINGTON, Jan. 26, 2021 /PRNewswire/
M7D Corporation d/b/a WD Lab Grown Diamonds ( WD or the Company ), a leading U.S. producer of laboratory grown diamonds, announced today that it has completed the strategic acquisition of J2 Materials ( J2 ), a pioneering crystal growth technology company headquartered in Chicago, Illinois. Our acquisition of J2 is an important milestone for WD Lab Grown Diamonds, and an accelerant in realizing our vision, said Sue Rechner, CEO of WD. The combination of our patented technology and scale, with J2 s unique process mastery and expertise, will markedly expand our capability to produce high-quality, grown in the U.S.A, Certified Sustainable diamonds. We share a deep commitment to sustainability, a drive for innovation, and a desire to lead with integrity, and look forward to what we will accomplish together.
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