2014年1月30日
Innovative Composites International Inc. ("ICI", or the "Company") is pleased to announce that the Company has entered into a non-binding Memorandum of Understanding ("MOU") for the acquisition of a leading plastic injection molding business based in Eastern Ontario (the "Target Entity"). Management of ICI believes that the acquisition and integration of the Target Entity will help facilitate growth for ICI, while increasing its research, engineering, production and overall operational efficiencies.
The Target Entity is a well established private business with over 25 years of producing high quality products for the automotive, electronics, industrial, and medical / biotech sectors.
The terms of the MOU call for ICI's acquisition of all the Target Entity's common shares for a value of $10M, $7.5M paid in cash on closing and $2.5M convertible into ICI shares at $0.15/share over the next 5 years. In addition, ICI will issue to the vendors 5 year warrants that are exercisable at $0.15/share subject to the Target Entity achieving certain financial performance benchmarks.
Additionally, current management will enter into 5 year consulting and non-competition agreements to ensure the successful operation and integration of the Target Entity into ICI.
该交易应受到标准的尽职调查，融资条件和交换批准，并计划于2014年3月下旬结束。
该公司首席执行官马克·里弗斯（Mark Rivers）评论说：“我们非常高兴能够与目标实体一起进入这个无约束力的谅解备忘录。我们预计，他们将其集成到ICI中将显着提高ICI的运行效率。目标实体具有重要的工具，具有重要的工具。，研究和测试设施将支持ICI的制造业。此外，ICI将能够通过实施目标实体的成功企业资源和计划软件来实现额外的效率，并允许在原材料输入上获得更大的购买力。我们欢迎您的购买力。有机会与目标实体的管理团队合作，并期待共同发展ICI的业务。”
关于创新的复合国际公司
Innovative Composites International Inc.总部位于加拿大多伦多，是一家高科技工程和制造公司，其目标是利用其专有的“绿色”复合材料和建筑系统，向包括自动和运输，运输和运输，运输和运输，运输，运输，运输，工程产品解决方案，欧洲杯足球竞彩庇护所和容器，建筑和住房以及工业应用。
要了解有关ICI的更多信息，请访问我们的网站。
Source:http://www.innovativecompositesinc.com/