ABC Technologies plans to acquire WMG Technologies
Acquisition enhances exteriors portfolio, two-shot molding and mold-in-color capabilities, strengthens North American customer relationships
ABC Technologies, a manufacturer and supplier of plastics and lightweighting, has announced that it has entered into a definitive agreement to acquire WMG Technologies (WMGT) from the Bierer family for USD165 million with potential earn-out payments that may become payable upon the achievement of specified profitability targets over the next 24 months, according to a press release on 22 December 2022.
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