American Technical Ceramics Corp., a manufacturer of high-performance electronic components including capacitors and thin film circuits for a broad range of commercial and military applications, has entered into an agreement to purchase from CTS Corp. certain equipment and inventory used by CTS in the manufacture of low temperature co-fired ceramic (LTCC) products. It is anticipated that the closing of the transaction will occur in the second quarter of Fiscal Year 2006. ATC intends to transfer the equipment and inventory to its facility in Jacksonville, Florida, where it will be used, among other things, in the production of LTCC products and certain of ATC’s specialty multilayer capacitors (MLCs). Terms of the transaction were not disclosed.

Victor Insetta, president and CEO of ATC, stated that “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 on 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 MLC’s.”

RSS    Save to Del.icio.us  Digg This