SOURCE: McGladrey Capital Markets LLC

December 02, 2008 10:00 ET

McGladrey Capital Markets Leads Negotiations as Halltech Completes Management-Led Buyout

COSTA MESA, CA--(Marketwire - December 2, 2008) - Scarborough, Ontario-based Halltech Inc., the Canadian subsidiary of Japan-based Saiden Chemical Industry Co., has completed a management-led buyout of the firm. Transaction terms were not disclosed.

McGladrey Capital Markets LLC led the negotiations and acted as exclusive financial advisor to Saiden. Davis LLP acted as the legal advisor to Saiden.

The sale of Halltech allowed Saiden to restructure its North American operations and place greater focus on its North Carolina subsidiary as a growth platform. In addition, this transaction enables Saiden to reinvest its financial and management resources in high-growth East Asian markets.

About McGladrey Capital Markets

McGladrey Capital Markets LLC (www.mcgladreycm.com) is a global provider of investment banking services to private and public companies with annual revenues of up to $1 billion. The firm's services include mergers, acquisitions, divestitures, recapitalizations, capital raising, fairness opinions and restructurings. McGladrey Capital Markets, which offers in-depth expertise in 13 distinct industry sectors, brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives.

McGladrey Capital Markets is affiliated with RSM McGladrey Inc., a professional services firm providing accounting, tax and business consulting. Both firms are indirect subsidiaries of H&R Block Inc. (NYSE: HRB), the world's preeminent tax services provider. McGladrey Capital Markets is also a member of RSM International, a worldwide network of professional services firms.

McGladrey Capital Markets' international headquarters are located in Costa Mesa, Calif. It also has offices in Chicago, Boston, Dallas, New York and London. The firm is a member of FINRA and SIPC.

About Halltech

With over 70 years of history, Halltech (www.halltech-inc.com) manufactures polymer emulsions and adhesives for a wide variety of industries, including construction, packaging, furniture, automotive and more. The company's polymer emulsion products are based on various vinyl acetate homopolymer and copolymer emulsions, as well as a diverse set of styrene acrylic copolymer emulsions. Its adhesives segment produces a variety of pressure-sensitive adhesives based on environmentally friendly waterborne acrylic emulsions. Halltech markets these products primarily to chemical manufacturers, construction-material producers and other end-users throughout North America.

About Saiden

Saiden is a leading Japanese emulsion polymer producer with international presence throughout East Asia and North America.

Contact Information

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