Lintec Corp. completed the acquisition of Morgan Adhesives Co Llc /D/B/A Mactac from Platinum Equity, LLC.
December 01, 2016
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Lintec Corp. (TSE:7966) signed definitive agreement to acquire Mactac Americas, LLC from Platinum Equity, LLC for approximately $380 million on October 23, 2016. On November 28, 2016, the transaction received early termination notice from FTC. The transaction is expected to complete during fourth quarter of 2016. Moelis & Company LLC and Goldman, Sachs & Co. acted as financial advisor and David Brown of Latham & Watkins LLP acted as legal advisor for Platinum Equity, LLC, MACtac Americas, LLC and Evergreen Holdings IV, LLC. Hiroshi Sarumida, Tal Hacohen, David Ruff, Brad Breen, Bob Lawrence, Jim McQuade, John Narducci, Mitch Pahl and Gabriel Salinas of Orrick, Herrington & Sutcliffe LLP acted as legal advisor for Lintec.
Lintec Corp. (TSE:7966) completed the acquisition of Mactac Americas, LLC from Platinum Equity, LLC on December 2, 2016.
LINTEC Corporation is a Japan-based company mainly involved in the manufacture and sale of printing material and industrial engineering material related products. The Company operates in three business segments. The Printing and Industrial Material-related segment is engaged in the manufacture and sale of adhesive products for seals and labels, label printing machinery, barcode printers, film used for outdoor signages and advertisement, window film, automobile adhesive products and industrial adhesive tape, among others. The Electronic and Optic-related segment provides semiconductor-related adhesive products, semiconductor-related machinery, coating film for laminated ceramic capacitors and optical-related products. The Western Paper and Processing Material-related segment manufactures and sells paper of colorful envelopes, special functional paper, released paper, released film, as well as casting paper for carbon fiber composite materials and synthetic leather.