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Isola Pulls IPO

Published: 16 September 2014
 by Mike Buetow

CHANDLER, AZ - Isola Group today withdrew plans for an initial public offering for the second time in the past decade. 

The company did not disclose a reason for its withdrawal.

Isola filed for a $100 million IPO on Oct. 31, 2011 and last updated its filing in March 2013. 

Isola reported a net loss of $52.9 million on $555.5 million in sales for the 12 months ended Dec. 29, 2012, down from fiscal 2011 net income of $10 million on revenue of $597 million. In its March filing, Isola cited Prismark Partners data indicating the world market for PCB laminate materials was $4.8 billion in 2011. 

It planned to list on the Nasdaq under the symbol ISLA. 

Isola was founded in 1912. In 2004, it was bought out by TPG, a major private equity firm, and Redfern Partners, led by one of its leading distributors. In 2006, Isola acquired the assets of Polyclad Laminates. 

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