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TMCNet:  TDK and entrotech, Inc. Agree to Division Acquisition and Strategic Partnership

[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 strategic partnership.

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

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.

entrotech, Inc.

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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