Lianhe Chemical Technology (Lianhetech; Taizhou, Zhejiang Province, China) has agreed to acquire Fine Industries (Middlesbrough, United Kingdom), including its subsidiaries, Fine Organics and Fine Environmental Services, from private equity frm NorthEdge Capital (Manchester, United Kingdom). The acquisition price has not been disclosed, but the enter- prise value of Fine Industries has been put at ￡103 million ($126 million). The deal provides Lianhetech, a Shenzhen Stock Exchange-listed company, with its frst European base. Lianhetech, a chemical contract manufacturer, has a market capitalization of approximately $2 billion and revenues in excess of $600 million.
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