Cornell Capital-backed Advantek completed the acquisition of LKTT Plastic Technology.

Cornell Capital-backed Advantek, a provider of highly engineered carrier tape and precision component packaging, completed the acquisition of LKTT Plastic Technology, a provider of complementary precision packaging. Financial terms were not disclosed. "Customer service, including local manufacturing capabilities, is a key component of Advantek's long-term value-add proposition. Establishing a manufacturing footprint in Malaysia is an important step as we continue executing our strategic plans. I'm certain that by acquiring LKTT, we've expanded our team to include a group who shares our values of innovation and continuous improvement, while always prioritizing customers," Wim Goossens, Advantek CEO and President.