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IMD to Acquire India-Based PCV Pipe Manufacturer LCG Plastech
Tuesday 13 March 2018

13 March 2018 - Florida, US-based holding company IMD Companies, Inc. (OTC: ICBU) has signed an MOU to acquire India-based PCV pipe manufacturers LCG Plastech to complement IMD's other companies, expanding its portfolio of PCV pipes, the company said.
Terms of the transaction were not disclosed.
LCG said being part of a public company like IMD will give it more exposure and more visibility for business expansion with the other mining companies that IMD owns
IMD Companies, Inc., is engaged in the manufacturing, extraction and distribution in mining, hydroponics industries, and asset accumulations of revenue producing companies.
The company is positioned to be a holding company for acquisitions in the medical, mining and hydroponics industries. Acquisitions in those areas are R-Quest Hydroponics from Anything Technologies Media (OTC: EXMT).
Date Published: 13/03/2018
Target: LCG Plastech
Country: India
Sector: Machinery/Engineering
Type: Corporate acquisition
Status: Agreed
Buyer: IMD Companies, Inc
Terms of the deal were not disclosed