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Vishay Buys a Resistor Line

MALVERN, Pa. — Vishay Intertechnology, (NYSE: VSH), one of the world's largest manufacturers of discrete semiconductors and passive electronic components, today announced the acquisition of the resistor businesses of Huntington Electric Inc. comprised of Huntington, Milwaukee, Central and Mills Resistors.

The purchase price for these businesses was approximately $19.6 million subject to customary post-closing adjustments.

“We are pleased to welcome Huntington into the Vishay family,” said Marc Zandman, Vishay’s Executive Chairman and Chief Business Development Officer. “The Huntington product and technology portfolio will further enhance our broad resistor portfolio, particularly in the high power and high current ranges, as well as with resistor assemblies for industrial applications.”

“In the Company’s recently 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 Huntington fits well into this strategy, complementing our already broad and strong resistor product business.”

{complink 6199|Vishay Intertechnology Inc.}

1 comment on “Vishay Buys a Resistor Line

  1. Wale Bakare
    October 2, 2011

    Good acquisition for Vishay for an add-on to its business portfolios. And big congratulations to the both Vishay and supply channel. 

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