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AVX Set To Acquire Tantalum Division Of Nichicon
Oct. 17, 2012 01:15PM PST
Tantalum InvestingReuters reported AVX Corporation (NYSE:AVX) has agreed to purchase the tantalum division of Nichicon Corporation for approximately $86 million.
Reuters reported AVX Corporation (NYSE:AVX) has agreed to purchase the tantalum division of Nichicon Corporation for approximately $86 million.
As quoted in the market news:
The all-cash purchase comprises Nichicon’s tantalum component manufacturing subsidiaries located in Shiga, Japan and Tianjin, China. The annual component sales of the Division approximate $75 million.
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