News
CHANDLER, AZ - Isola Group has acquired the assets and intellectual property of Gividi-Italy, a specialty manufacturer of fiber glass cloth for the PCB industry. The company, located in Monza Italy, has revenue of over $20 million and will report to Isola Europe. The acquisition is set to be completed during the first week of Apri. Terms were not disclosed.
"This acquisition strengthens our technology platform enabling us to expand the development of proprietary finishes used for our rapidly growing high performance products segment," said Ray Sharpe, president and CEO of Isola Group. "This investment demonstrates the commitment of our shareholders to not only the printed circuit industry, but to our new product development process as well."
The new company will be renamed to Isola Fabrics S.r.l. according to Augusto Meozzi, president Europe for Isola Group.
Asymtek and other SCQI award winners were honored at a celebration in Burlingame, CA on March 15. Intel also recognized award winners with an advertisement in the U.S., Europe and Asian editions of the Wall Street Journal.
"Asymtek continues to deliver outstanding results on key programs and initiatives for Intel," said Ron Rinfret, Director of Assembly Capital Equipment Development, Intel. "For the second year in a row Asymtek has been recognized as one of the 'best of the best' suppliers at Intel. We look forward to working with Asymtek in 2005 on additional challenging and strategic initiatives and are confident in their continued excellent support."
The SCQI awards are part of Intel's Supplier Continuous Quality Improvement process, which encourages key suppliers to strive for excellence and continuous improvement.
Loof is managing partner of a New York management consulting firm. He was previously chief executive of Sensormatic Electronics, now part of Tyco. Loof also has had posts at Andersen Consulting, Digital Equipment Corporation, AT&T and NCR.
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