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LISI AUTOMOTIVE, a subsidiary of LISI GROUP, further increases its global footprint with the acquisition of TERMAX LLC in the US
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LISI GROUP announces that it has entered into a binding agreement to acquire 51% of the share capital of TERMAX LLC, a leading manufacturing and engineering company specializing in metal and plastic fastening systems for automotive interiors.


TERMAX LLC has grown significantly since inception in 1971 and continues to show good momentum. The company operates from a 11,100 square-meter production and development facility in Lake Zurich (Illinois, USA), another facility of 3,682 square meters in Suzhou (China) and a distribution platform in Queretaro (Mexico). It employs over 400 people and generated revenues of around 74 million US dollars in 2016.


The transaction is a two-step structured acquisition: the initial step involves the sale by TERMAX LLC’s shareholders of 51% of the share capital to LISI AUTOMOTIVE. Upon closing, which is subject to customary closing conditions and is expected during the fourth quarter of 2017, TERMAX LLC will be consolidated within LISI GROUP, with the objective of a positive impact on LISI GROUP’s results within the first full year of integration. As a second step, by fiscal year 2021, the current shareholders have committed to selling their remaining shares to LISI AUTOMOTIVE which will then own 100% of the share capital of TERMAX LLC.

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