F & P America Mfg., Inc. announced a private placement of common shares for gross proceeds of $45,000,000 on March 25, 2021. The transaction will involve participation from existing investor, F-Tech Inc. (TSE:7212). Post-closing of the transaction, the stake of F-Tech Inc. (TSE:7212) will increase from 49.6% to 85.9%. The payment date is March 26, 2021. The transaction has been approved by the board of directors of the investor.