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  5. Advantek Acquires LKTT Plastic Technology

M&A Deal Summary

Advantek Acquires LKTT Plastic Technology

On January 15, 2023, Advantek acquired packaging company LKTT Plastic Technology

Acquisition Highlights
  • This is Advantek’s 1st transaction in the Packaging sector.
  • This is Advantek’s 1st transaction in Malaysia.

M&A Deal Summary
Date 2023-01-15
Target LKTT Plastic Technology
Sector Packaging
Buyer(s) Advantek
Deal Type Add-on Acquisition

Target

LKTT Plastic Technology

Bayan Lepas, Malaysia
LKTT Plastic Technology is a manufacturer of embossed carrier tape used for transporting components in the capacitor, LED, metal shield, and semiconductors industries. LKTT serves as a one-stop-shop provider of carrier tape requirements like plastic reel, cover tape, and tape and reel operations. LKTT Plastic Technology is based in Bayan Lepas, Malaysia.

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Buyer(S) 1

Buyer

Advantek

Eden Prairie, Minnesota, United States
Category Company
Founded 1978
Sector Packaging
DESCRIPTION

Advantek manufactures precision component packaging and delivery systems designed to transport and protect high-value semiconductor and electronic components during shipping and storage. Advantek was founded in 1978 and is based in Eden Prairie, Minnesota.

DEAL STATS #
Overall 1 of 1
Sector: Packaging M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Malaysia M&A 1 of 1
Year: 2023 M&A 1 of 1
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