Nanogate AG, the Germany-based systems provider for high-tech surfaces and components, has acquired Jay Industries’ plastics division, Jay Plastics, making its one acquisition in the US. Jay Plastics is one of the leading US providers in this segment with a reputation for high-end components and performance surfaces.

Nanogate expects to strengthen its earnings power by 2017 already, based on the two companies’ planned synergies and possible new product projects. Once the transaction has been completed, the Nanogate Group expects an immediate jump in sales to more than € 150 million as well as direct access to an international market worth billions.

With the successful company, Nanogate is establishing itself as a leading global specialist for design-oriented high-tech surfaces and components of very high optical quality. As leading providers in their existing markets, both companies have many years of experience in the areas of materials, process and component engineering. Together with Jay Plastics, Nanogate can globally service companies while at the same time achieving significant synergies in development, sales and production. The planned transfer of technology further boosts Nanogate’s sales potential in the US, especially in the area of design surfaces. The transaction also improves Nanogate’s market access to Asian manufacturers.

For many years, Jay Plastics has been a leading and successful expert in high value surface engineering of polymer components. In addition, the company has extensive expertise in the metallisation of surfaces (PVD technology) and in the area of lighting. As an integrated provider, the company covers the entire value chain from the development of components to production. With approximately 400 employees, Jay Plastics’ customers include well-known US automobile companies and suppliers as well as manufacturers from Japan and South Korea. Besides the automotive industry, Jay Plastics operates in other sectors, such as household appliances.

 

Source : business-standard.com

Report Abuse