Alpha Assembly Solutions Acquires HiTech Korea
SOMERSET, NJ – Alpha Assembly Solutions has acquired HiTech Korea, a developer of electronics assembly polymer and epoxy-based materials.
Terms were not disclosed. HiTech was founded in 1992 and has its primary operations in Korea.
“We are excited to announce that HiTech is joining the Alpha family,” said Rick Ertmann, president, Alpha Assembly Solutions. “We believe that HiTech’s talent and resources will augment our expertise to develop new and improved products and capabilities. With this transaction, Alpha is well-situated to capitalize on many emerging trends in the electronics industry. As the lines between the assembly technologies in electronics continues to merge, we see this acquisition as one of many steps that we are taking to position the business for continued success as we work with customers to solve their assembly challenges.”
The acquisition is aligned with Alpha and MacDermid Performance Solutions strategic goals and priorities, namely to drive growth through the delivery of innovative, value added solutions and services into the electronics assembly industry. HiTech’s products and development initiatives focus on high-growth segments, such as underfills, encapsulants, low-temperature adhesives and ultraviolet adhesives.
