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The new location will initially be set up for laser-cut stencil fabrication and later expand into tape and reel services. The facility will serve customers in Texas and neighboring states.
MRC has been doing business since 1994 in the Fremont location.
FOREST GROVE, OR - Merix Corp. has agreed to buy Eastern Pacific Circuits Ltd. for $120 million cash. Merix said the acquisition of the Hong Kong-based PCB supplier includes earn-out consideration of up to $8M based on 2005 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA).
Merix plans to finance the transaction, expected to close in June, with a combination of available cash and debt. Eastern Pacific has four manufacturing plants in southern China and one in Hong Kong. In 2004, Eastern Pacific's preliminary unaudited sales were $143M, with adjusted EBITDA of $14.1M.
NY, April 14 -- U.S. IT spending will increase to $417 billion in 2005 and reach $497 billion by 2008, a report from IDC reveals. According to the study, government, manufacturing, and banking continue to drive IT spending in process management and content management.
According to Anne Songtao Lu, program manager for IDC's Worldwide Vertical Markets, the consumer/home vertical has become increasingly important for IT vendors.
Press Releases
- Surf-Tech Manufacturing Corp. Ensures World-Class Quality with Advanced Conformal Coating Services
- Luminovo Partners with Sluicebox to Offer an Industry-First Instant Product Carbon Footprint for Electronics
- The Assembly Show and SMTAI Announce Colocation in October
- SIA Applauds CHIPS Act Incentives for GlobalWafers Projects in Texas and Missouri