Vishay Intertechnology, Inc. today announced the acquisition of Holy Stone Polytech Co., Ltd., a Japanese manufacturer of tantalum capacitors, from Holy Stone Enterprise Co. Ltd. The purchase price was approximately $21 million subject to customary post-closing adjustments.
"We are pleased to welcome Holy Stone Polytech into the Vishay family," said Marc Zandman, Vishay's Executive Chairman and Chief Business Development Officer. "Holy Stone Polytech represents another acquisition of a smaller business that we use to further strengthen and enhance one of our Divisions."
"In the Company's announced Growth Plan," stated Dr. Gerald Paul, Vishay's President and Chief Executive Officer, "we indicated that niche acquisitions would supplement intensified internal growth. Our acquisition of Holy Stone Polytech fits well into our strategy by enlarging our technological capabilities in tantalum capacitors and by strengthening the company's position for these capacitors, especially in Japan."