Sector News

Platform Specialty Products acquires electronic adhesives maker HiTech

May 9, 2018
Chemical Value Chain

Platform Specialty Products Corporation announced today that its MacDermid Performance Solutions business, which comprises the Performance Solutions segment, successfully closed the strategic acquisition of HiTech Korea Co., Ltd.

HiTech is an innovative provider of non-conductive electronic adhesives that serve a variety of end-markets including mobile phones, automotive, camera modules and LEDs for consumer devices. Over nearly 30 years, HiTech has developed many quality products that serve numerous large, global customers. The business is based in South Korea with an additional presence in Vietnam.

Scot R. Benson, President of MacDermid Performance Solutions, said “We are excited to welcome HiTech into our portfolio of high-quality businesses around the world. We believe HiTech’s products are very complementary to our existing customer offerings within our global electronics business and believe customers of both companies will benefit from this combination. The team at HiTech brings an impressive culture of innovation and customer service which lies at the heart of all our businesses. This is another great step towards our goal of providing the most comprehensive product portfolio to our loyal customer base.”

Source: Platform

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