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Kemet to acquire plastic-film capacitor maker

Posted: 15 Aug 2007 ?? ?Print Version ?Bookmark and Share

Keywords:plastic-film capacitor? capacitor maker? Kemet acquisition?

Kemet Corp. has agreed to acquire Arcotronics Italia S.p.A., manufacturer of plastic film and metallized plastic-film capacitors and wet tantalum capacitors, from Blue Skye (Lux) S.? r.l.

Arcotronics is also is a manufacturer of battery and film capacitor machinery and has facilities in Europe and China. In 2006, Arcotronics had total consolidated sales of approximately $207 million.

Kemet has agreed to pay $23.8 million for 100 percent of the outstanding share capital of Arcotronics. The company will also assume or refinance approximately $133.4 million of net financial debt and assume certain other liabilities of the Arcotronics. The transaction is subject to customary closing conditions and is expected to close in early October 2007.

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