---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-21-006611"
form_type: "8-K"
ticker: "NTIC"
cik: "0000875582"
company_name: "NORTHERN TECHNOLOGIES INTERNATIONAL CORP"
filed_at: "2021-09-22T23:59:59+00:00"
generated_at: "2026-06-29T02:10:54.426324+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NTIC acquires remaining 50% of Indian JV for $6.25M; expects $0.10 EPS boost in FY2022

## Summary
- Acquired remaining 50% of HARITA-NTI LTD. (Zerust India) for $6.25M cash, funded via cash on hand and expanded credit line.
- Zerust India had $5.7M revenue and $1.15M earnings in FY2020; $6.7M revenue over nine months ended May 2021.
- Full consolidation expected to contribute ~$10M net sales and >$2.2M net income, adding $0.10 per diluted share in FY2022.
- Line of credit increased from $3M to $5M with PNC Bank; maturity extended to February 22, 2022; rate LIBOR + 2.50%.

## SEC filing metadata
- accession: 0001171843-21-006611
- form_type: 8-K
- ticker: NTIC
- cik: 0000875582
- company_name: NORTHERN TECHNOLOGIES INTERNATIONAL CORP
- filed_at: 2021-09-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/875582/000117184321006611/0001171843-21-006611-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/875582/000117184321006611/f8k_092221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-21-006611
- JSON: https://secwatch.observer/filing/0001171843-21-006611.json
- Plain text: https://secwatch.observer/filing/0001171843-21-006611.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.