On November 5, 2026, Forge Nano Holdings, Inc. (Forge Nano), a semiconductor equipment and advanced materials company whose Atomic Layer Deposition (ALD) technology serves AI-era chip manufacturing and defense battery applications, announced that it has completed the acquisition of HZO, Inc., a leading provider of protective nanocoatings for electronics. The combination pairs Forge Nano’s ALD platform with HZO’s high-volume Parylene and thin-film protective coating business and its blue-chip customer base in the consumer electronics, energy, IoT, medical, and automotive industries. Wilson Sonsini Goodrich & Rosati advised HZO on the transaction.
Under the terms of the agreement, Forge Nano acquired all outstanding equity of HZO in an all-stock transaction for approximately 7.3 million shares of Forge Nano common stock, subject to customary post-closing adjustments. HZO will operate as a wholly owned subsidiary of Forge Nano under the HZO brand, led by Rachael Lerebours, president of HZO, and its employees will join Forge Nano.
The Wilson Sonsini team that advised HZO on the transaction included:
Mergers & Acquisitions
Catherine Riley Tzipori
Andrew Lombardo
Erik Lessler
Lucas Sheets
Corporate
Megan Baier
Josh Bronstein
Richard Fielkow
Patrick Mullery
Employee Benefits and Compensation
Matthew Norgard
Sophia Friedfertig
For more information, please see the companies’ news release.
