Elite Material Co., Ltd. completed the acquisition of EMD Specialty Materials, LLC from CriticalPoint Capital, LLC.
January 04, 2021
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Elite Material Co., Ltd. (TSEC:2383) signed membership interest purchase agreement to acquire EMD Specialty Materials, LLC from CriticalPoint Capital, LLC for $28.7 million on December 21, 2020. The purchase price is payable in cash and is subject to adjustments to net working capital, net debt, and other adjustments agreed in the membership interest purchase agreement. The final amount shall not exceed $30 million. The transaction will be funded from cash on the books. The transaction will be subject to the relevant regulatory approvals. The transaction was resolved and approved by the Board of Directors of Elite Material Co., Ltd. on December 21, 2020. Stan Hu of Yangtze CPAs & Co. acted as an accountant for Elite Material Co., Ltd. and issued a fairness opinion on the purchase price. KPMG Advisory Services Co., Ltd. acted as financial advisor to Elite Material Co., Ltd.
Elite Material Co., Ltd. (TSEC:2383) completed the acquisition of EMD Specialty Materials, LLC from CriticalPoint Capital, LLC on January 5, 2021.
Elite Material Co Ltd is a Taiwan-based company principally engaged in the manufacture, processing and distribution of base materials for printed circuit board (PCB) industry. The Companyâs products portfolio consists of copper clad laminates (CCL), bonding sheets, multi-layer laminated boards, prepregs (PP), halogen-free laminates, metal based laminates, as well as lead free materials and others. The Companyâs products are applied in the manufacture of double-sided and multi-layer PCBs. The Company distributes its products primarily in Taiwan and the rest areas of Asia.
ELITE MATERIAL CO., LTD. 
