Vishay Intertechnology, Inc. VSH +0.26% , one of the world's largest manufacturers of discrete semiconductors and passive electronic components, today announced the acquisition of Holy Stone Polytech Co., Ltd. ("Holy Stone Polytech"), a Japanese manufacturer of tantalum capacitorsThe tantalum capacitor distinguishes itself from other capacitors in having high capacitanceThat property of a system of conductors and dielectrics which permits the storage of electricity when potential difference exists between the conductors. Its value is expressed as the ratio of a quantity of electricity to a potential difference. A capacitance value is always positive. per volume and weight. Relative to other electrolytic capacitors, tantalum capacitors have low resistance, low leakage, and can operate in higher temperature environments, but non-electrolytics are even better in these regards., from Holy Stone Enterprise Co. Ltd.
The purchase price was approximately $21 million subject to customary post-closing adjustments.
"We are pleased to welcome Holy Stone Polytech into the Vishay family," said Marc Zandman, Vishay's Executive Chairman and Chief Business Development Officer. "Holy Stone Polytech represents another acquisition of a smaller business that we use to further strengthen and enhance one of our Divisions."
"In the Company's announced Growth Plan," stated Dr. Gerald Paul, Vishay's President and Chief Executive Officer, "we indicated that niche acquisitions would supplement intensified internal growth. Our acquisition of Holy Stone Polytech fits well into our strategy by enlarging our technological capabilities in tantalum capacitorsThe tantalum capacitor distinguishes itself from other capacitors in having high capacitanceThat property of a system of conductors and dielectrics which permits the storage of electricity when potential difference exists between the conductors. Its value is expressed as the ratio of a quantity of electricity to a potential difference. A capacitance value is always positive. per volume and weight. Relative to other electrolytic capacitors, tantalum capacitors have low resistance, low leakage, and can operate in higher temperature environments, but non-electrolytics are even better in these regards. and by strengthening the Company's position for these capacitors, especially in Japan."
About Vishay
Vishay Intertechnology, Inc., a Fortune 1000 Company listed on the NYSE (VSH), is one of the world's largest manufacturers of discrete semiconductors (diodes, MOSFETs, and infrared optoelectronics) and passive electronic components (resistors, inductors, and capacitors). These components are used in virtually all types of electronic devices and equipment, in the industrial, computing, automotive, consumer, telecommunications, military, aerospace, power supplies, and medical markets. Vishay's product innovations, successful acquisition strategy, and "one-stop shop" service have made it a global industry leader.
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