British Company to Pay $15 Million for Andus
Courtaulds, a British chemical, textile and industrial products company, has agreed to buy Andus Corp. in Canoga Park from its parent company, Raychem Corp. of Palo Alto.
Courtaulds will pay $15 million. As much as $10 million more may be paid to Raychem should Andus’ revenue growth meet certain targets.
Andus, which has annual revenue of $4.4 million, makes plastic film using silver, stainless steel and other materials that can be laminated on windows and electronic devices.