Integral Technologies, Inc. (OTCQB:ITKG) is from Bellingham, Washington and is a new materials company engaged in the commercialization of electrically conductive hybrid plastics. Their product, ElectriPlast®, is a non-corrosive, electrically-conductive, resin-based material that replaces the metallic component currently used in electromagnetic interference ("EMI") shielding and conductive devices. Their materials can be used to dramatically reduce the weight of cars, planes, and boats, replacing the electronic components that were once made of metal.
While many auto companies would be smart to purchase ITKG, the most likely buyer of the Company would be BASF Corporation, whose parent company is BASF SE (NYSE:BAS), the global chemicals company based in Germany. The two firms signed an agreement in August 2013 to Jointly Explore the North American Market for ElectriPlast Conductive Thermoplastics. In March 2015, the two companies were seen NPE Expo 2015 - The International Plastics Showcase, held in Orlando, Florida, where ElectriPlast products were present and on display in the BASF booth, as if they were made by BASF. Perhaps this is a pre-cursor of the two companies becoming closer. In 2014 there were 69 plastics M&A transactions in the US and Canada, with many of targets having considerably less than $100M in revenues. But two typical examples of specialty plastics companies being bought for their core technology (vs. a sales multiple) would be the $231M purchase of privately held DelStar Technologies by
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