DCF Advises on Cross-Border Semiconductor Equipment Transaction
FM Industries, Inc. has acquired LJ Engineering & Manufacturing, Inc.
Deloitte Corporate Finance LLC (DCF) is pleased to announce its role as the exclusive financial advisor to FM Industries, Inc. (FMI), a subsidiary of NGK Insulators, LTD (NGK) regarding its acquisition of LJ Engineering & Manufacturing, Inc. (LJ). FMI acquired substantially all of the assets of the business in a cash transaction. DCF also advised NGK on its North American platform acquisition of FMI in 2002.
DCF was engaged to assist with the development of the target approach strategy, valuation and financial modeling, and transaction negotiation support. DCF assembled a cross-functional Deloitte team which included corporate finance, M&A transaction services, and merger integration support. This transaction further highlights DCF’s experience in executing complex cross-border transactions.
FM Industries, Inc.
FM Industries, Inc. engages in designing, testing, and manufacturing components and systems used in critical applications for the semiconductor medical, aerospace, and government markets. The company offers print, precision, machined components, and electro-mechanical assemblies. FM Industries, Inc. is a subsidiary of NGK Insulators, Ltd.
NGK Insulators, LTD.
NGK Insulators, LTD. engages in the manufacture and sale of electric insulators, industrial ceramic products, and beryllium copper products primarily in Japan, North America, and Europe. NGK is headquartered in Nagoya, Japan.
LJ Engineering & Manufacturing, Inc.
LJ Engineering & Manufacturing, Inc. is a full service machine shop specializing in precision products to the semiconductor, medical, and aerospace industries. The company engages in prototype development and production. LJ Engineering & Manufacturing, Inc. was founded in 1971 and is based in Santa Clara, California.
As used in this document, “Deloitte” means Deloitte Corporate Finance LLC a registered broker dealer which provides investment banking services; and Deloitte & Touche LLP and Deloitte Tax LLP, which provides M&A Transaction Services; and Deloitte Consulting which provides merger integration services. These entities are separate subsidiaries of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
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