Dätwyler Holding AG (SWX:DAE) signed a contract to acquire Quality Synthetic Rubber, Inc. from Q Holding Company for approximately $630 million on Aril 6, 2022. Dätwyler will use existing liquidity reserves and third-party loans to finance the acquisition. Quality Synthetic Rubber will be integrated as an independent Connectors business unit into Dätwyler's Industrial Solutions business area and the current management will stay on board, thus ensuring continuity.

In 2021, Quality Synthetic Rubber generated sales of $164 million (some CHF 150 million) and adjusted EBITDA of $44 million (some CHF 40 million). The closing of the transaction is subject to the fulfilment of the usual customary conditions and antitrust approvals, and is expected to take place in the course of the second quarter of 2022. Proceeds from the sale of Quality Synthetic Rubber will be used to retire the Q loan facility and return substantial capital to 3i Group plc and other investors.

The acquisition of Quality Synthetic Rubber will be immediately accretive to Dätwyler. Alexander Fischer, Alexander Blaeser, Matthias Trautmann, Boris Wenger, Eric Schreiner, Phelim O'Doherty, Nicolas Kredel, Anita Lukaschek, Howard Wu, Alexander Gong, Grace Tso, Zheng Zhou, Frank Pan, Laura Liu, Michael J. Fieweger, Thomas Hughes, Kimberly Franko, Alison Stafford Powell, Geoff Martin, John Fedele, Christopher Guldberg, Patricia McDonald, Douglas Sanders, Brian Zurawski, Elizabeth Ebersole, William Rowe, Adam Aft, Luis Amado-Cordova, Carlos Vela-Treviño, Lorenzo Ruiz de Velasco-Beam of Baker & McKenzie LLP and Baker & Mckenzie Partnerschaft Von Rechtsanwälten Wirtschaftsprüfern,Steuerberatern Und Solicitors acted as legal advisors while William Blair & Company, L.L.C. acted as financial advisor to Dätwyler.