.
MergerLinks Header Logo

Announced

Audax-backed ICP Group to acquire Hi-Tech Coatings from Heidelberger.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

United Kingdom

coatings

Acquisition

Single Bidder

Private

commercial printing

Pending

Containers and Packaging

Majority

Friendly

Private Equity

Synopsis

Edit

Audax-backed ICP Group, a specialty chemical manufacturer and provider of coatings, adhesives and sealants, agreed to acquire Hi-Tech Coatings, a developer and manufacturer of high-performance coatings for the packaging and commercial printing industries, from Heidelberger Druckmaschinen, a German precision mechanical engineering company. Financial terms were not disclosed. “We’re thrilled to have acquired Hi-Tech Coatings, because its industry leadership will only strengthen and expand ICP ISG’s portfolio of innovative products. By uniting the highly skilled, well-trained and experienced people of ICP and Hi-Tech Coatings, our company is stronger and so is our unwavering dedication to serving our customers with integrity and customer service,” Doug Mattscheck, ICP Group CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US