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Meiko
Electronics Co., Ltd. and Circuit-Wise, Inc. Announce Merger of
Operations
Kanagawa,
Japan/North Haven, Connecticut, USA March 5th, 2003 -- Meiko
Electronics Co., Ltd., a leading Japanese manufacturer of printed
circuitry and Circuit-Wise, Inc., a leading North American manufacturer
of same, announced today a merger of operations. Both companies
have executed a mutual Letter of Intent and expect to close within
90 days.
Through
this merger, Circuit-Wise's customers will have direct access to
Meiko's high quality, high volume production in China, and their
advanced technical capabilities, including HDI and multi-layer fabrication.
Meiko will benefit from an increased exposure to the North American
market, and from Circuit-Wise's local production and technical support.
"This
creates the ideal global printed circuit board organization for
the next decade, an entity which has Japanese quality and technology,
Chinese pricing, and North American service and support, with appropriate
capitalization. Our companies are coming together to serve our customers
and create a synergy that will directly benefit all of our constituents
in the long term," commented Steve Mettler, Vice President of Circuit-Wise,
Inc.
"This
transaction solidifies our long-term commitment to the North American
marketplace," added Takahide Hirayama, Director, Meiko Electronics
Co. Ltd. "We are quite pleased to have come to an agreement with
Circuit-Wise, Inc."
Both
companies have retained the services of ATOMIC29, Inc., an Infrastructure
Specialist, to support the commercial and technical requirements
associated with the merger.
About
Circuit-Wise, Inc.
Circuit-Wise, Inc. was established in 1961, and is recognized as
one of North America's leading manufacturers of printed circuitry.
For more information, please contact Mr. Steve Mettler at 203-281-6511
or visit their web site at www.CIRCUIT-WISE.com.
About
Meiko Electronics Co., Ltd./Meiko Electronics America, LLC
Meiko Electronics Co., Ltd. was established in November 1975. With
1,600 employees and nearly $200 million in sales, Meiko is one of
Japan's leading PCB manufacturers. For more information, please
contact Meiko Electronics America at 650-949-9230 or visit their
North American web site at www.MEIKO-AMERICA.com.
About
ATOMIC29, Inc.
ATOMIC29, Inc. is a leading Infrastructure Specialist, providing
advanced commercial and technical support to manufacturers of printed
circuitry and related organizations. For more information, please
contact Rebecca Grow at 650-947-1529 or visit their web site at
www.ATOMIC29.com.
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ATOMIC29
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