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.