|[December 02, 2013]
TDK and entrotech, Inc. Agree to Division Acquisition and Strategic Partnership
SAN FRANCISCO --(Business Wire)--
entrotech Inc. announced that TDK Corporation as a global electric
components company has agreed to purchase of two entities of entrotech,
Inc., a California-based technology materials and product innovator. TDK
decided on this purchase for the further expansion and the competitive
edge strengthening of its HDD product portfolio.
The acquisition was accomplished via TDK's subsidiary, Magnecomp
Precision Technology (hereinafter MPT), a leading hard disk drive
suspension supplier. The companies, entrotech and TDK also established a
Under the agreement, effective October 11, TDK purchased two
entrocomponent solutions companies, EntroComponent Solutions, LLC
located in Chino, CA (News - Alert) and EntroComponent Solutions Singapore Pte Ltd
located in Singapore. Both companies specialize in the manufacture of
polymer-centric components, essential to hard disk drives (HDD) for
computer and cloud storage technology. TDK and entrotech, Inc. have also
entered into a long-term, exclusive supply and development agreement.
"Since we started entrotech almost 13 years ago, our focus has been on
developing innovations with molecules that stretch the boundaries of
science and disrupt the marketplace," said Jim McGuire, CEO of
entrotech, which has been issued eleven patents and has 26 patents
pending for breakthrough technology and processes.
"As an innovative market leader, TDK is the perfect artner for us. We
look forward to a strong and productive partnership," said Steve
Gasparrelli, president of EntroComponent Solutions.
As an innovator of breakthrough green technologies, entrotech is well
aligned with TDK's active role as a responsible corporate citizen. Among
entrotech's patented inventions is paint created and applied without
solvents, eliminating the fumes and environmental impact of harsh
chemicals. Lighter weight and more durable than traditional paints,
entrotech's film-based paint has been used on commercial aircraft by
Boeing (News - Alert) and on racecars by professional racing teams.
TDK Corporation is a leading electronics company based in Tokyo, Japan.
It was established in 1935 to commercialize ferrite, a key material in
electronic and magnetic products. TDK's portfolio includes electronic
components, modules and systems* which are marketed under the product
brands TDK and EPCOS, power supplies, magnetic application products as
well as energy devices, flash memory application devices, and others.
TDK focuses on demanding markets in the areas of information and
communication technology and consumer, automotive and industrial
electronics. The company has a network of design and manufacturing
locations and sales offices in Asia, Europe, and in North and South
America. In fiscal 2013, TDK posted total sales of USD 9.1 billion and
employed about 80,000 people worldwide.
* The product portfolio includes ceramic, aluminum electrolytic and film
capacitors, ferrites, inductors, high-frequency components such as
surface acoustic wave (SAW) filter products and modules, piezo and
protection components, and sensors.
Magnecomp Precision Technology
Magnecomp Precision Technology Public Company Limited (MPT), a
subsidiary of TDK, is a premier and leading precision hard disk drive
suspension assembly manufacturer serving a global customer base in the
data storage industry.
Established in 1999, entrotech is a technology business that designs,
develops and commercializes innovative materials used in many of the
world's most advanced products. The company's focus is on life sciences,
data storage, display enhancement and protection, green pain applique
films and premium carbon fiber products.
Headquartered in San Francisco, the company has manufacturing and
development facilities in Columbus, Ohio and Bedford, UK. For more
information, visit entrotech's website: www.entrotech.com.
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