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PORTLAND, Maine, April 14, 2026 (GLOBE NEWSWIRE) -- The Elmet Group Co . ("Elmet" or the "Company"), a U.S.-based provider of precision-engineered components and advanced high-energy systems, today announced that it has launched the roadshow for its proposed initial public offering of approximately 7.7 million shares of its common stock, all of which are being offered by Elmet. In addition, Elmet intends to grant…

The Elmet Group Co. is pursuing an IPO to raise up to $115 million, primarily for deleveraging purposes. ELMT operates in critical materials and engineered microwave products, with moderate revenue growth but declining margins and net income. The company benefits from U.S.-based, non-China sourcing, aligning with national security and reshoring trends, but faces customer concentration and government contract risks.