TDK and entrotech, Inc. Agree to Division Acquisition and Strategic
SAN FRANCISCO -- December 2, 2013
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 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 partner 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 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.
John Millen, 614-282-4141
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