MacDermid is to be acquired by its chairman and ceo, Daniel H Leever, and investment funds managed by Court Square Capital Partners and Weston Presidio, in a transaction valued at over $1.3B. Joseph Silvestri, managing partner of Court Square Capital Partners, is a director of MacDermid and is involved in the merger.
Under the terms of the agreement, MacDermid stockholders will receive $35.00 in cash for each share of MacDermid common stock they hold. The MacDermid board has approved the merger and resolved to submit it to stockholders for their approval. The transaction is expected to be completed in the first half of 2007, subject to receipt of stockholder and regulatory approvals.
A leading manufacturer of image transfer supplies for the printing and packaging industries with operating facilities in 20 countries, MacDermid has its headquarters in Denver, Colorado, and employs 2,900 people worldwide.
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