Catalyst CEL Fund acquires controlling stake in Lamina Technologies

Catalyst CEL Fund and Lamina Technologies announced that they have entered into a series of definitive agreements under which the Fund will invest approximately $42 million in Lamina, consisting of $10 million of new capital to fuel global expansion and up to $32 million to be distributed to Lamina’s existing Shareholders. Through this transaction, Catalyst CEL will have a controlling stake in Lamina in partnership with Lamina’s current management team, led by Peleg and Yuval Amir, who co-founded the Company in 2001. The Amir brothers will remain in their leadership position, and will collectively be the second largest group of shareholders in Lamina. The Chairman of the Company is Luc Muller, CEO of the Otto Group, which was the founding seed financier of Lamina Technologies. Additional financial terms of the transaction were not disclosed.

“Lamina has multiple, high potential growth opportunities, and with the equity investment of Catalyst CEL combined with their significant relationships and capabilities in China and other global markets, Lamina is well positioned and capitalized to execute on our next growth phase.” said Peleg Amir, CEO and Founder of Lamina.

Lamina Technologies is a Swiss manufacturer of state-of-the-art, precision carbide metal cutting tools, specializing in Milling and Turning inserts made of state-of-the-art Sub-micron grades and PVD coatings. End users of the Company’s products include metalworking and machinery manufacturers and suppliers across a diverse array of industries, including the general engineering, aerospace, defense, automotive, transportation, die & mold, machine tool, light machinery, heavy machinery and other sectors. Lamina enjoys extensive know-how in sub-micron powder technology, state of the art PVD coating, advanced materials and application development delivering industry leading technology, optimal productivity and peak performance and longer tool life in demanding environments. The Company’s solutions are a proven to significantly reduce cutting tool inventory, reduce production costs including time savings and energy efficiencies and improve production flexibility. The Company is headquartered in Yverdon-les-Bains, Switzerland, enjoys diversified global sales and has offices in Europe, the Pacific Rim, China, Japan and North America.