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[Oct 2005]
American Technical Ceramics Agrees LTCC Acquisition
ATC - American Technical Ceramics Corp (Huntington Station, NY, USA) has entered into an agreement to purchase from CTS Corporation certain equipment and inventory used by CTS in the manufacture of low temperature co-fired ceramic (LTCC) products.
It is expected that the closing of the transaction will occur in the second quarter of 2006 fiscal year. ATC intends to transfer the equipment and inventory to its facility in Jacksonville, FL, USA where it will be used, among other things, in the production of LTCC products and certain of ATC's speciality multilayer capacitors (MLCs). Terms of the transaction were not disclosed.
Victor Insetta, President and CEO of ATC, said: "The equipment we are purchasing is very efficient and flexible, and we believe it will enhance our capability to manufacture unique, higher performance new products. New products are an important element of our business strategy and ATC has been actively developing both LTCC and Co-fired Ceramic Products (CCP).
"This acquisition will be used to support and expand our existing LTCC business. We also intend to build higher temperature co-fired ceramic products which are based upon more robust materials and that can be used in a range of new applications. In addition, this equipment is ideal for special geometry and larger MLCCS."
www.atceramics.com
ENDS