MacDermid has acquired Autotype International and associated entities from Norcros (Holdings), of the UK, for an undisclosed figure.
Autotype is a high technology producer of specialty coated film products for the electronics and printing industries, with locations in Wantage, UK, Chicago, Singapore and Denmark,. The company is said to be the leading producer of hard coated films for the membrane switch and touchscreen markets, and believed to be the only manufacturer able to replicate nano scale structures through a high volume cost efficient process on the surface of films. It also provides high quality stencil materials and digital prepress products for screen printing.
For the year ended March 31, 2005, Autotype had revenues of $86.5M (£47.9M). All of its 390 employees will join MacDermid.
MacDermid has extensive under-utilized capacity in its Middletown, Delaware, coating factory which can be utilized by Autotype to support additional growth potential from a US dollar cost base and to defer the need to build new capacity at other locations.
MacDermid chairman and ceo Dan Leever says: "We believe the Autotype team is unusually innovative, and its products enjoy excellent growth prospects. Additionally, MacDermid's infrastructure in Asia will improve the chances of successful commercialization of these new and exciting products."
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