Unique Fabricating says it has acquired the business and substantially all of the assets of Intasco, a Canadian-based provider and manufacturer of precision die cut solutions, as well as purchasing 100% of the outstanding capital stock of Intasco USA.
Intasco provides adhesive products to the automotive and manufacturing industries, primarily in the US and Canada. The company supplies material conversion of pressure-sensitive products such as film, label stock and foams, as well as adhesives and automotive die cuts with a speciality in interior and exterior attachment systems.
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“This strategic, highly synergistic and accretive acquisition significantly broadens our solution offerings, production capabilities and expands our reach in our existing markets, as well as certain adjacent markets,” said Unique Fabricating CEO, John Weinhardt.
“This acquisition is representative of our strategy to acquire profitable companies that add new markets, products and processes that enable us to recognise sales efficiencies and expand our scale.
“The specialised processes and customised nature of Intasco’s offerings provide an attractive, high-margin growth opportunity to augment our financial performance and further capitalise on the operating leverage inherent in our business model.”
Intasco generated around US$17.8m in revenues, with net income of approximately US$2.6m million and EBITDA of US$3.6m, based on unaudited financial results for the 12-month period ending 31 January this year.
“Intasco is a leader in precision die cutting and double-sided attachment tapes,” added Weinhardt. Through this transaction we are enhancing our position as a one-stop shop for many of our current customers and creating opportunities to expand the addressable market of the Intasco business.
“This combination provides us with a stronger geographic presence in Canada, additional opportunities to service key customers and it helps us strengthen our competitive position in the markets we serve.”
