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Ferrotec acquires MeiVac
Ferrotec (USA) Corporation, the US subsidiary of Ferrotec Holdings Corp., a supplier of materials, components, and precision system solutions, has purchased MeiVac Incorporated.
MeiVac brings more than 25 years of experience as an industry provider of high-quality thin-film manufacturing systems, components and process solutions. The company is a multi-faceted supplier of standard and specialty vacuum processing systems and components used in multiple high technology production and development applications. MeiVac's served markets include data storage, photonics, telecom as well as government/R&D. "MeiVac's vacuum coating and thin-film deposition are very complementary to Ferrotec's existing vacuum products," says Eiji Miyanaga, CEO of Ferrotec (USA) Corporation, in a press release.. "By combining MeiVac's deposition process and engineering expertise with our technology portfolio and our strong global position, we expect this acquisition to have strategic and synergistic importance." "As a leader in the semiconductor industry, Ferrotec's evaporative coating systems and vacuum components are recognized as the go-to solutions in their respective processes," adds David A. Meidinger, President and CFO of MeiVac, Inc. "With MeiVac's sputtering tools expertise and our vacuum components offering, we see a harmonious path forward for our products and technology."
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