# LISI Automotive acquires 51% of TERMAX LLC

LISI Automotive entered a binding agreement to acquire 51% of TERMAX LLC, a manufacturer of metal and plastic fastening systems for automotive interiors, with facilities in Lake Zurich (Illinois), Suzhou (China), and Queretaro (Mexico). The transaction is expected to close in Q4 2017.

- Type: Acquisition
- Announced: 2017-10-01
- Where: Lake Zurich, Illinois, United States
- Status: announced
- Products: metal fastening systems, plastic fastening systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [LISI Automotive](https://endata.com/companies/30048.md) (acquirer)
- [TERMAX LLC](https://endata.com/companies/30049.md) (target)

## Sources

- [lisi-automotive.com](https://www.lisi-automotive.com/en/lisi-automotive-further-increases-its-global-footprint-with-the-acquisition-of-termax-llc-in-the-us/), 2018-02-13: "With TERMAX LLC, LISI AUTOMOTIVE is reinforcing its position worldwide in clip-fastening solutions."

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