AVX Completes Acquisition of Nichicon Corp Tantalum Unit

AVX Corporation (NYSE:AVX) announced that it has already finalized and completed its acquisition of the Tantalum division of Nichicon Corporation for $86 million.

As quoted in the press release:

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 AVX Corporation (NYSE:AVX) press release.