CHANDLER, AZ - Isola Group
has acquired the assets and intellectual property of Gividi-Italy, a
specialty manufacturer of fiber glass cloth for the PCB industry. The
company, located in Monza Italy, has revenue of over $20 million and
will report to Isola Europe. The acquisition is set to be completed
during the first week of Apri. Terms were not disclosed.
"This
acquisition strengthens our technology platform enabling us to expand
the development of proprietary finishes used for our rapidly growing
high performance products segment," said Ray Sharpe, president and CEO
of Isola Group. "This investment demonstrates the commitment of our
shareholders to not only the printed circuit industry, but to our new
product development process as well."
The new company will be renamed to Isola Fabrics S.r.l. according to Augusto Meozzi, president Europe for Isola Group.
Carlsbad, CA -- Asymtek, a Nordson Company, received Intel Corp.'s 2004 Supplier Continuous Quality Improvement (SCQI) award. The company was given the award for its efforts in supplying Intel with automated fluid dispensing equipment. The company also won a SCQI award in 2003.
Asymtek and other SCQI award winners were honored at a celebration in Burlingame, CA on March 15. Intel also recognized award winners with an advertisement in the U.S., Europe and Asian editions of the Wall Street Journal.
"Asymtek continues to deliver outstanding results on key programs and initiatives for Intel," said Ron Rinfret, Director of Assembly Capital Equipment Development, Intel. "For the second year in a row Asymtek has been recognized as one of the 'best of the best' suppliers at Intel. We look forward to working with Asymtek in 2005 on additional challenging and strategic initiatives and are confident in their continued excellent support."
The SCQI awards are part of Intel's Supplier Continuous Quality Improvement process, which encourages key suppliers to strive for excellence and continuous improvement.
GREENVILLE, SC -- Kemet Corp. has named electronics veteran Per-Olof Loof chief executive, effective April 4. The company also named a new chairman.
Loof is managing partner of a New York management consulting firm. He was previously chief executive of
Sensormatic Electronics, now part of Tyco. Loof also has had posts at Andersen Consulting, Digital
Equipment Corporation, AT&T and NCR.