Wilsonart LLC Receives U.S. Antitrust Clearance For Acquisition Of Durcon Incorporated
AUSTIN, Texas, Oct. 25, 2013 /PRNewswire/ -- Wilsonart LLC announced today that it has received notice from the Federal Trade Commission granting early termination of the waiting period for U.S. antitrust review under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended ("HSR Act"), in connection with the acquisition of Durcon Incorporated that was announced last week.
Wilsonart expects the transaction to close in the fourth quarter of 2013 and will finance the transaction through a combination of available cash and Incremental Term Loan Commitments as provided under Wilsonart's existing credit facilities.
Durcon Incorporated has been operating for 40 years in Taylor, located near Austin, TX. The company offers high performance, epoxy-resin work surfaces and sinks for laboratories and research facilities. www.Durcon.com
Wilsonart LLC is one of the world's leading manufacturers and distributors of high pressure laminates and other engineered surfaces used in furniture, office and retail space, countertops, worktops and other applications. The company operates globally under the Wilsonart, Resopal, Polyrey and Arborite brands and has achieved success through a combination of outstanding service, high-quality products and a focus on providing innovative products and services to customers. www.Wilsonart.com