February 12, 2016
On February 12, 2016, Acal PLC (LSE: ACL) announced that it had acquired Plitron Manufacturing Inc. for $4 million on a debt-free, cash-free basis funded from Acal’s existing debt.
Acal is a leading international supplier of customized electronics to industry based in the UK. Plitron is a Canadian designer and manufacturer of custom toroidal transformers for transportation, medical and industrial applications.
Miller Thomson was counsel to Plitron in this transaction with a team that included Anna Balinsky, Max Spearn and Philip Long (corporate/M&A) and Ron Choudhury (tax).
