AVX Set To Acquire Tantalum Division Of Nichicon

Reuters reported AVX Corporation (NYSE:AVX) has agreed to purchase the tantalum division of Nichicon Corporation for approximately $86 million.

As quoted in the market news:

The all-cash purchase comprises Nichicon’s tantalum component manufacturing subsidiaries located in Shiga, Japan and Tianjin, China. The annual component sales of the Division approximate $75 million.

Click here to read the full Reuters report.