Wilsonart gets antitrust OK to acquire Durcon
Oct 28, 2013
Austin Business Journal
Wilsonart LLC said Friday it has received notice from federal antitrust regulators that it can proceed with its acquistion of Taylor-based Durcon Inc.
Temple-based Wilsonart LLC, a decorative laminate company, is looking to diversify by acquiring Durcon, which makes lab countertops and other industrial surfaces
The buyout adds even more momentum to Durcon, which has added roughly 100 employees in the past year and currently has 450 total. In April, the company closed a facility in Michigan and consolidated all of its operations into its Taylor headquarters, which has been running 24 hours
Wilsonart expects the transaction to close in the fourth quarter. It will be financed through a combination of available cash and the company's existing credit facilities