Nissei Image

Term:

Nissei Arcotronics

Definition:

August 13, 2007

LONDON — KEMET Corp. has agreed to acquire Arcotronics Italia S.p.A., a manufacturer of plastic film and metallized plastic film capacitors and wet tantalum capacitors, for 17.5 million euros (about $23.8 million).

Arcotronics is also a manufacturer of battery and film capacitor machinery with manufacturing facilities in Italy, Germany, the United Kingdom, Bulgaria and China. The company is owned by Blue Skye S.a r.l., a company owned by the special opportunities funds managed by D.B. Zwirn and Co. L.P.

In the year ended December 31, 2006, Arcotronics had total consolidated sales of about 150 million euro (about $207 million).

In addition to paying 17.5 million euro KEMET (Greenville, South Carolina) has agreed to assume 98 million euro (about $133 million) of net financial debt and assume certain other liabilities of the company. The transaction is subject to customary closing conditions and is expected to close in early October 2007.

“The acquisition of Arcotronics provides an excellent complement to our recent acquisition of the Evox Rifa Group of companies earlier this year, and will allow us to expand our product offerings and technology base,” said Per-Olof Loof, KEMET Chief Executive Officer, in a statement.

Added on:

Saturday, August 1st, 2015