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Williams Advanced Materials continues acquisition trail |
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Oct 04, 2005 at 01:42 PM |
Williams Advanced Materials Inc. has acquired privately held Thin Film
Technology, Inc. (TFT), Buellton, California, a developer of precision
optical coatings, photo lithography, and thin film coatings. The
companies had previously worked together on projects.
"TFT is an extremely important addition to Williams as it broadens and
deepens our vapor deposition capabilities - an area where we are
enjoying significant growth and profitability," stated Richard W.
Sager, WAM President. "As with our purchase of OMC Scientific Holdings
in Ireland several months ago, this acquisition fits extremely well
with our investment strategy of adding high quality, complementary
businesses to further serve our customers on a global basis."
The purchase price was approximately $9 million.
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