PCB | July 21, 2010
Cornell Dubilier acquires Panasonic facility
Cornell Dubilier has acquired the Panasonic electrolytic foil formation facility in Knoxville, Tennessee.
Last year this facility produced 10 percent of the world's electrolytic foil with the industry. "This acquisition guarantees Cornell Dubilier a consistent supply of our most critical raw material. With this resource our customers will continue to receive our highest level of service and perhaps the most competitive lead times in the industry," says Jim Kaplan, President of Cornell Dubilier. "With worldwide shortages of electrolytic foil and long term allocations of this material, Cornell Dubilier's continued growth was becoming unsustainable. This addition of the foil facility will significantly reduce these lead times, secure our supply chain and give Cornell Dubilier a stronger leadership position in the global electrolytic market."