Vishay Intertechnology Announces Acquisition of Electro-FilmsMay 18, 2000 by Jeff Shepard
Vishay Intertechnology Inc. (Malvern, PA) announced that a purchase and sale agreement has been signed to purchase all of the outstanding shares of Electro-Films Inc. (EFI, Warwick, RI). EFI is a technology leader in the manufacture of thin-film components and networks on ceramic and silicon, including resistors, capacitors, inductors and microwave components.
Dr. Zandman, chairman and CEO of Vishay stated, "The addition of EFI's product line, know-how and technological capabilities to Vishay's already existing Thin-Film Division will produce a powerful research and development and engineering group that, in combination with Vishay's worldwide marketing strength, will cement our position as an industry leader in thin-film technology."
The terms of the transaction were not disclosed. The closing is expected to take place in the next few weeks.