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Posts Tagged ‘acquisition’

CoorsTek Increases its Business with Covalent Acquisition, Organic Growth

Tuesday, July 14th, 2015

By Jeff Dorsch, Contributing Editor

CoorsTek made one of the biggest acquisitions of its century-long history late last year in purchasing Covalent Materials, formerly known as Toshiba Ceramics.

Jonathan Coors, CEO of the company’s Semiconductor and Medical Group, said Tuesday the Covalent acquisition was “really strategic for us. It enhanced the company as a whole.”

CoorsTek’s Japan market share in engineered ceramics  was “relatively small prior to Covalent,” Coors noted. Covalent broadened CoorsTek’s product portfolio in carbons, quartz, and silicon products, according to Coors.

CoorsTek plans to pursue both organic growth in its business and acquisition opportunities as they present themselves, the CoorsTek executive said.

Asked whether privately held CoorsTek may pursue a public offering, Coors said, “We enjoy being private.” That status offers some “regulatory ease,” he noted.

As a private company, CoorsTek is able to engage in a “long-term thought process, while maintaining focus on quarterly performance,” Coors added.

CoorsTek also provides orthopedic implants, such as hip and knee replacements. Medical products present “a demand on quality that is as high (as semiconductor products), if not higher,” Coors noted. There is a “similar supply chain” in the two product lines, he stated.

Coors and other CoorsTek executives are meeting this week with customers to learn “where the market is heading,” Coors said. Such information gleaned at SEMICON West 2015 can point to “the next generation of growth,” he said.

Micron Technology, in the news this week on reports of a rumored takeover bid by Tsinghua Unigroup, is a customer of CoorsTek, according to Coors.

Solid State Watch: April 24-30, 2015

Monday, May 4th, 2015
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The Week in Review: October 17, 2014

Friday, October 17th, 2014

Driven by rising demand for fitness and health monitoring features as well as by improved user interfaces, shipments of sensors used in wearable electronic devices will rise by a factor of seven from 2013 through 2019, according to IHS Technology.

Intermolecular, Inc. announced this week that Dr. Bruce McWilliams has been appointed president and chief executive officer. David Lazovsky has resigned as president and chief executive officer and from the Board of Directors to pursue other interests.

Qualcomm announced that it has reached agreement with CSR regarding the terms of a recommended cash acquisition of CSR will be acquired by Qualcomm Global Trading Pte. Ltd.

Texas Instruments this week announced it has shipped more than 22 billion units of copper wire bonding technology from its internal assembly sites and is now in production for major high reliability applications including automotive and industrial.

Element Six this week announced the development of a new thermal grade of diamond grown by chemical vapor deposition (CVD), DIAFILM TM130.

Solid State Watch: June 6-12, 2014

Friday, June 13th, 2014
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