Add-on Acquisition • Packaging

Advantek Acquires LKTT Plastic Technology

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

Acquisition Context

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

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

Target Company

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 Overview 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 Context for Buyer	#
Overall	1 of 1
Sector: Packaging	1 of 1
Type: Add-on Acquisition	1 of 1
Country: Malaysia	1 of 1
Year: 2023	1 of 1

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