Glen Cove, NY— PCB manufacturer Photocircuits Corp. has received approval to proceed with the sale of substantially all of its assets, including the assumption of certain liabilities, to a long term equity investor.
A private equity investor is currently the leading bidder in the auction. The firm has stated its intention to operate the business with the current management team and employees.
The final purchase price is subject to other offers that might arise at the formal auction on February 6.
The sale will bring Photocircuits nearer to the completion of its reorganization under Chapter 11 of the U. S. Bankruptcy Code.
A private equity investor is currently the leading bidder in the auction. The firm has stated its intention to operate the business with the current management team and employees.
The final purchase price is subject to other offers that might arise at the formal auction on February 6.
The sale will bring Photocircuits nearer to the completion of its reorganization under Chapter 11 of the U. S. Bankruptcy Code.
NEW YORK -- End-markets
for electronics products continue to grow at a modest pace, boosting semiconductor sales, a leading market watcher said today.
"We believe that end-markets grew at a modest pace in Q4. Handsets, mobile PCs, and consumer electronics were strong, but our checks in Taiwan did uncover a modest inventory build in PC components," Jack Romaine, an analyst with SG Cowan, wrote in a note issued today.
"We believe that end-markets grew at a modest pace in Q4. Handsets, mobile PCs, and consumer electronics were strong, but our checks in Taiwan did uncover a modest inventory build in PC components," Jack Romaine, an analyst with SG Cowan, wrote in a note issued today.
HELSINKI -- Aspocomp Group, the second largest PCB company in Europe, plans build a printed circuit board plant in Chennai, India, the company said today.
Aspocomp will invest 60 million euros in the the plant, India's first HDI production facility, Aspocomp said.
Aspocomp will invest 60 million euros in the the plant, India's first HDI production facility, Aspocomp said.
TEMPE, AZ -- Three-Five Systems Inc.
has filed a joint plan of
reorganization with its wholly owned subsidiary, TFS-DI Inc.
in their respective bankruptcy cases.
The plan proposes a reorganization of both companies into a single post-bankruptcy entity.
If approved, the reorganized TFS's operations will be limited to the liquidation and monetization of all its non-cash assets. These assets comprise the cash and non-cash assets of the two companies, which will be substantively consolidated under the plan, TFI said in a filing.
The company anticipates that sufficient cash will exist in the consolidated estate on the plan's effective date to pay all claims of all creditors in all classes and that there will be final cash distributions to company shareholders.
The plan proposes a reorganization of both companies into a single post-bankruptcy entity.
If approved, the reorganized TFS's operations will be limited to the liquidation and monetization of all its non-cash assets. These assets comprise the cash and non-cash assets of the two companies, which will be substantively consolidated under the plan, TFI said in a filing.
The company anticipates that sufficient cash will exist in the consolidated estate on the plan's effective date to pay all claims of all creditors in all classes and that there will be final cash distributions to company shareholders.
NORTH BILLERICA, MA -- BTU International Inc. has decided on Shanghai as its new Asia-Pacific headquarters.
The company also named Boris Mathiszik director of sales for the Asia-Pacific region. Mathiszik was vice president, x-ray inspection at Phoenix/X-ray Systems.
The company also named Boris Mathiszik director of sales for the Asia-Pacific region. Mathiszik was vice president, x-ray inspection at Phoenix/X-ray Systems.
ELM CITY, NC – Following a late December fire that devastated its manufacturing plant, Fawn Electronics has relocated into a temporary site in Wilson, NC, where it is performing final integration while working feverishly to reestablish full production.
Early in the morning of Dec. 22, fire ripped through the company's plant in Elm City, destroying much of it. The fire has been ruled accidental. Work has been subcontracted while the new site is brought online.
Early in the morning of Dec. 22, fire ripped through the company's plant in Elm City, destroying much of it. The fire has been ruled accidental. Work has been subcontracted while the new site is brought online.
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