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Vishay acquires product line from Kemet 16-09-08

Vishay announced the acquisition of a specialty capacitor (wet tantalum) product line from Kemet for $35.2 million and other consideration in the form of a three-year term loan of $15 million. Sales of these products during Kemet’s fiscal-year ended March 31, 2008 were approximately $16.0 million, of which approximately $7 million represent former Arcotronics products (acquired last year by KEMET) sold mostly outside of the US and approximately $9 million of original KEMET products sold mostly in the US. Worldwide sales during the quarter ended June 30, 2008 were $4.4 million.

 


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