Court OKs Minami Sale to Protec, I&Y
Published: 24 August 2012
by Mike Buetow
TOKYO -- A Tokyo district court has approved the assignment of Minami Co., the Japanese OEM of screen printers and placement equipment, to affiliates of a pair of Korean companies.
The assignment to Protec Co. and I&Y Co. is effective Aug. 31.
Minami has been undergoing reorganization since March due a precipitous drop in sales of its SMT equipment.
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