Deloitte & Touche Corporate Finance LLC Advises on the Acquisition of Amtex, Inc.Another Deal Highlighting DTCF’s Cross-Border Transaction Capabilities |
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Deloitte & Touche Corporate Finance LLC (DTCF) is pleased to announce its role as the exclusive financial advisor to Hayashi Telempu Co., Ltd. (Hayashi) in Hayashi’s acquisition of the remaining 50 percent of Amtex, Inc. (Amtex) from Lear Corporation (Lear).
Amtex, Inc. was founded in 1983 as a joint venture between Hayashi and Masland Corp. Masland Corp. was acquired by Lear in 1996. As of May 14, 2007, Amtex is a wholly owned subsidiary of Hayashi.
The transaction highlights DTCF’s deep coverage of the automotive sector and experience in completing cross-border middle-market transactions.
About Amtex, Hayashi and Lear
Amtex produces flooring, acoustic systems and other interior products for Isuzu, Mazda, Mitsubishi, Subaru and Toyota in the North American automotive market. Amtex is headquartered in Lebanon, OH with additional operations in California.
Hayashi Telempu Co., Ltd. supplies automotive interior and exterior parts, including roofs, carpet floors, door trims and trunk trims. The company is also a supplier to leading automobile manufacturers such as Toyota, Nissan, Honda, Mitsubishi and Suzuki. Hayashi was established in 1947 and is based in Nagoya, Japan.
Lear Corporation (NYSE: LEA) is a global supplier of automotive seating, electronics and electrical distribution systems. The company was founded in 1917 and is headquartered in Southfield, MI. Lear also operates in Europe, Central America, Africa and Asia.
