BALVE, GERMANY – Solder material suppliers
Balver Zinn and
Cobar Group have signed an agreement to merge, a deal that would result in annual company sales of over $50 million. The deal is expected to close during the second quarter. No financial terms were disclosed.
As a member of the Balver Group, Cobar will lead development solder paste, solder fluxes and related products, while Balver Zinn will focus on the metallurgy of the solder materials, the companies said.
Balver Zinn is based approximately 30 km south of Dortmund, Germany, and is a major non-ferrous metal producer. Breda, Holland-based Cobar is a global supplier of solder paste, solder fluxes and related materials for electronics assembly.