MALVERN, Pa. – June 11, 2014 – Vishay Intertechnology, Inc. (NYSE: VSH), one of the world's largest manufacturers of discrete semiconductors and passive electronic components, today announced the acquisition of Holy Stone Polytech Co., Ltd. (“Holy Stone Polytech”), 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.”
About VIishay
Vishay Intertechnology, Inc., a Fortune 1000 Company listed on the NYSE (VSH), is one of the world's largest manufacturers of discrete semiconductors (diodes, MOSFETs, and infrared optoelectronics) and passive electronic components (resistors, inductors, and capacitors). These components are used in virtually all types of electronic devices and equipment, in the industrial, computing, automotive, consumer, telecommunications, military, aerospace, power supplies, and medical markets. Vishay’s product innovations, successful acquisition strategy, and "one-stop shop" service have made it a global industry leader. Vishay can be found on the Internet at http://www.vishay.com.
"Forward-Looking" and "Safe-Harbor" Statements are omitted