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MacDermid, a Denver, CO-based specialty chemical manufacturer, recently signed a definitive merger agreement worth $1.3 billion. Daniel H. Leever, chairman and CEO of MacDermid, and investment funds managed by Court Square Capital Partners and Weston Presidio, will acquire the company and assume the repayment of approximately $301 million of debt. MacDermid is the parent of MacDermid Autotype and MacDermid ColorSpan, companies that develop products for screen and digital printing, respectively.

According to terms of the agreement, MacDermid stockholders will receive $35.00 in cash for each share of MacDermid common stock they hold. MacDermid’s board of directors has approved the merger agreement and resolved to submit it to MacDermid’s stockholders for approval. The transaction is expected to be completed in the first half of 2007. “We are proud to partner with Court Square and Weston Presidio, each of which has an outstanding reputation and proven records of success,” Leever says. “They are committed to working with us in continuing to build MacDermid and provide long-term solutions that deliver value to our customers.”

The transaction will be financed through a combination of equity contributed by Leever and investment funds managed by Court Square Capital and Weston Presidio, as well as debt financing provided by Credit Suisse Securities (SA) LLC. For more information, contact MacDermid Inc., 1401 Blake St., Denver, CO 80202, 720-479-3060, Web: www.macdermid.com.

 

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