Malvern, Pa., Aug. 10, 2000 -- Vishay Intertechnology, Inc. (NYSE: VSH) announced today the acquisition of Cera-Mite Corporation. Cera-Mite Corporation is a manufacturer of electronic components located in Grafton, Wisconsin.
Dr. Zandman, Chairman and CEO of Vishay stated "The primary reason for this acquisition is Cera-Mite's excellence in the technology of ceramic materials. Their ceramic materials know-how will complement and strengthen our existing ceramic capacitor lines. Their product line consists of ceramic disk capacitors and PTC's (positive temperature coefficient thermistor), a non-linear resistor. Cera-Mite's PTC will perfectly complement our NTC (negative temperature coefficient) thermistor line, and will open up for us a new market which is approximately $250M. I believe our strong worldwide marketing and sales force will be very successful in penetrating this new market. Present management will stay the same. The worldwide market for ceramic disc capacitors is approximately $1.5 billion."
Cera-Mite is a worldwide supplier of ceramic capacitors and thermistors for the electronics industry. Cera-Mite's ceramic capacitors, available from 100 through 40,000 volts, are used in power supplies, electronic lighting, EMI/RFI filtering, aerospace and industrial applications. Ceramic PTC thermistors are used for refrigeration & HVAC compressor motor starting, overcurrent protection, telecommunications and electronic fluorescent ballast's. Cera-Mite employs 300 people and has manufacturing plants in Grafton, Oconto and Oconto Falls, Wisconsin.
About Vishay
Vishay, a Fortune 1,000 Company with an annual sales rate of $2.2 billion, is the largest U.S. and European manufacturer of passive electronic components (resistors, capacitors, inductors) and a major producer of discrete semiconductors (diodes, optoelectronics, transistors), IrDCs (infrared communication devices), and power and analog switching integrated circuits. The Company's components can be found in products manufactured in a very broad range of industries worldwide. With headquarters in Malvern, Pennsylvania, Vishay employs over 20,000 people in 64 plants in the U.S., Mexico, Germany, Austria, the United Kingdom, France, Portugal, the Czech Republic, Hungary, Israel, Taiwan, China and the Philippines. Vishay can be found on the Internet at http://www.vishay.com. SOURCE Vishay Intertechnology, Inc.