# Nanogate acquires 80% stake in Jay Plastics, its first US subsidiary

Nanogate AG has agreed to acquire an approximately 80% majority stake in Jay Plastics, the plastics division of Jay Industries Inc. in Mansfield, Ohio, for a mid-double-digit million euro purchase price. The transaction is expected to close in early 2017.

- Type: Acquisition
- Announced: 2016-12-05
- Where: Mansfield, Ohio, United States
- Value: $55.0M (50.0M EUR)
- Status: announced
- Products: high-tech surfaces, plastic components
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Nanogate AG](https://endata.com/companies/20418.md) (acquirer)
- [Jay Plastics](https://endata.com/companies/20419.md) (target)
- [Jay Industries](https://endata.com/companies/20420.md) (partner)

## Sources

- [eqs-news.com](https://www.eqs-news.com/news/ad-hoc/nanogate-acquires-jay-plastics-its-first-us-subsidiary-expects-growth-leap-and-establishes-itself-as-a-global-provider/ac628c97-8a1c-41a6-963a-2f8021f59b82_en), 2016-12-05: "Nanogate is acquiring a majority stake of around 80 % in Jay Plastics, the plastics division of Jay Industries, Inc., Mansfield, Ohio, USA."
- [plasticsnews.com](https://www.plasticsnews.com/article/20161205/NEWS/161209931/germany-s-nanogate-ag-buys-us-based-jay-plastics/), 2016-12-05: "Germany's Nanogate AG buys US-based Jay Plastics"
- [marketscreener.com](https://www.marketscreener.com/quote/stock/NANOGATE-AG-498887/news/Nanogate-AG-completed-the-acquisition-of-80-stake-in-Jay-Plastics-Inc-from-Jay-Industries-Inc-35232766/), 2017-01-08: "Nanogate AG completed the acquisition of 80% stake in Jay-Plastics Inc. from Jay Industries, Inc."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.