CFC International has been sold to Illinois Tool Works
CFC International, Inc. (Nasdaq: CFCI), a worldwide holographic and specialty coated film manufacturer, was acquired by Illinois Tool Works Inc. (NYSE: ITW) in a plan of merger which purchased CFC for $16.75 per share, or an approximately $95.8 million enterprise value. ITW is a diversified manufacturer of highly engineered components and industrial systems and consumables. Lincoln International, a leading middle-market investment bank headquartered in Chicago, assisted in the negotiations and served as the financial advisor to CFC.
As the company’s exclusive financial advisor, Lincoln International worked closely with CFC’s senior management team in every aspect of the transaction, managing the preparatory and marketing phases, preparing required SEC documents, and helping to facilitate the many aspects of a public company sale. CFC International, Inc. formulates, manufactures, and sells chemically-complex, transferable, multi-layer coatings for use in many diversified markets, such as holographic packaging and authentication seals, furniture and building products, pharmaceutical products and transaction cards (including credit cards, debit cards, ATM cards, and access cards), and intaglio printing. With manufacturing facilities in Chicago Heights and Countryside, Illinois and Göppingen, Germany, and sales offices in the United Kingdom, France and Hong Kong, CFC’s products are sold to more than 1,000 active customers worldwide. For 2005, CFC recorded Net Sales and adjusted EBITDA of $90.4 million and $12.2 million, respectively.
ITW is a $12.8 billion in revenues diversified manufacturer of highly engineered components and industrial systems and consumables. The company consists of approximately 700 business units in 48 countries and employs some 50,000 people. For more information on this transaction please contact Gary Walther, Jim Lawson or Sean Bennis at 312-580-8339.
Meet our Senior Team
View More Transactions
Lincoln International is pleased to announce that it has advised Ravago Group on the acquisition of the chemical distribution activities of Indukern Group
Lincoln International is pleased to announce that it has advised Sovereign Capital Partners on its investment in Skerritts
Lincoln International is pleased to announce that it has advised Horizon Capital on its investment in The Marketing Practice
Lincoln International has advised the private shareholders of E. Zimmermann GmbH on their sale to Stackpole International, a subsidiary of Johnson Electric Group
Lincoln International is pleased to announce that it has advised McNally Capital on its sale of ITS Logistics to GHK Capital
Lincoln International is pleased to announce the sale of American Trailer Rental Group, a portfolio company of Milton Street Capital, to Wind Point Partners
Lincoln International is pleased to announce that GEI and management have sold Coeurdor, a European leader in luxury metal parts, to Swiss-listed Oerlikon
Lincoln International is pleased to announce the acquisition of Ayehu Software, a leading no-code intelligent IT automation platform, by Resolve Systems, a pioneer in IT automation and service orchestration