 |
 |
||||||
[October 2007]
AVX Corporation Announces Completion of Acquisition of American Technical Ceramics
AVX Corporation (Myrtle Beach, SC, USA) announced on 25 September 2007 that it had completed the acquisition of American Technical Ceramics Corp (ATC), a leading manufacturer of high performance electronic components, including capacitors and thin film circuits for a broad range of commercial and military applications, for approximately US$231 million.
"As announced in June, the addition of ATC further broadens AVX's product offering in High Reliability Products," stated AVX President and CEO, John Gilbertson. "We have been carefully planning for the integration of the ATC business with AVX and are confident that the combination presents a great opportunity for further growth in the area of High Frequency applications."
ENDS