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LISI Group announced the signing of an agreement to acquire the remaining 49% equity of TERMAX LLC, making it the sole owner as of July 1, 2020. TERMAX LLC will continue to operate under its brand as part of LISI AUTOMOTIVE.
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.