AVX Corporation (AVX) reported that it has signed an agreement with Nichicon Corporation to purchase its Tantalum Component Division for approximately $ 86 million.
AVX Corporation (AVX) reported that it with Nichicon company has signed an agreement to contribute approximately $ 86 million acquisition of of its tantalum electricity Ministry.

The all-cash purchase comprises Nichicon's tantalum component manufacturing subsidiaries located in Shiga, Japan and Tianjin, China.
The cash purchase including the Nichicon the Tantalum capacitor element manufacturing subsidiary located in Shiga, Japan and China, Tianjin.

The annual component sales of the Division approximate $ 75 million.
The part of annual sales of approximately $ 75 million.

John Gilbertson, AVX's Chief Executive Officer and President, said "The purchase of the tantalum component operations of Nichicon enhances our leadership position in the passive electronic component industry and provides further opportunities for expansion in the Asian region and tantalum component manufacturing efficiencies."
AVX CEO and President John Gilbert said: "buy Nichicon tantalum electric Ministry operation enhanced the leadership position in the passive electronic components industry, and provide an opportunity to further expand in the Asia market and improve tantalum components production efficiency. "

The transaction is subject to customary closing conditions, including regulatory filings as may be required.
The transaction is subject to customary closing conditions, including the possibility of files that need to be submitted to the regulatory authorities.
The transaction is expected to close before the end of the calendar year or as soon thereafter as may be possible subject to regulatory approvals.
The transaction is expected before and after the end of the year, subject to regulatory approval.

AVX, headquartered in Greenville, South Carolina, is a leading manufacturer and supplier of a broad line of passive electronic components and related products.
AVX, headquartered in Greenville, South Carolina, is a leading provider of passive electronic components manufacturer and supplier.