The Company agreed to acquire the assets of Unilogo, based near Warsaw, Poland, a supplier of digitally printed, pressure-sensitive and sleeve labels for consumer products customers. Forecast 2018 sales are approximately $7.4 million. The agreed purchase consideration in cash and acquired lease obligations is $10.7
million, subject to customary closing adjustments. The transaction is expected to close in late December 2018.
The Company also agreed to acquire Hinsitsu Screen (Vietnam) Company Limited (“Hinsitsu”), based in Hanoi, with a second manufacturing operation in Ho Chi Minh City. Hinsitsu is a leading supplier of durable & tamper-evident labels and graphic overlays for the electronics industry in Vietnam. For the trailing twelve months ended June 30, 2018, sales were $11.2 million. The agreed purchase consideration, net of cash acquired, is $12.4 million subject to customary adjustments with closing planned for early January 2019.
In addition, the Company agreed to acquire Olympic Holding B.V. and its related subsidiaries (“Olympic”), based in Venray, The Netherlands. Olympic is a privately held, startup technology company with a proprietary, patented process to produce high bond, acrylic foam tapes without the use of solvents for applications in the automotive, electronics and construction industries. The agreed purchase consideration in cash and assumed debt is $13.5 million with closing planned for early January 2019 and subject to customary adjustments.