AlliedSignal To Sell Laminate Systems, Purchase Johnson Matthey Electronics

Jan. 13, 2005
AlliedSignal Inc. recently announced that it is selling its laminate systems business to Rutgers AG for approximately $425 million and is purchasing Eden Prairie, Minn.-based Johnson Matthey Electronics for $655 million. Lawrence A. Bossidy, ...

AlliedSignal Inc. recently announced that it is selling its laminate systems business to Rutgers AG for approximately $425 million and is purchasing Eden Prairie, Minn.-based Johnson Matthey Electronics for $655 million. Lawrence A. Bossidy, AlliedSignal chairman and CEO, says that the acquisition, which would offer AlliedSignal's customers a full spectrum of interconnect solutions, reflects the company's strategy to improve its global business portfolio. "Divesting Laminate Systems removes us from the lower-margin laminate industry and acquiring Johnson Matthey electronics supports our business strategy to enter additional higher-margin specialty segments." Johnson Matthey Electronics, a division of Johnson Matthey PLC, is a leading supplier of materials to the semiconductor and microelectronics industries, with sales from the previous fiscal year reaching $671 million. AlliedSignal President Geoffrey Wild says that the acquisition gives the Morris Township, N.J.-based company entree to the growing high-density-interconnect industry, which includes the new generation of telecommunication devices.

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!