AMETEK Acquires Coining Holding Co.
AMETEK Inc. announced that it has acquired Coining Holding Co., a supplier of custom-shaped metal preforms, microstampings and bonding wire solutions for interconnect applications in microelectronics packaging and assembly, for $148 M in cash. Coining, acquired from an investor group led by Chattanooga, TN-based River Associates Investments LLC, has estimated annual sales of approximately $65 M.
With its headquarters in Montvale, NJ, Coining is a global leader in custom-shaped preforms, microstampings and wire used for joining electronic circuitry, packaging microelectronics and providing thermal protection and electric conductivity for a wide range of electronic devices. Coining's products are used in highly engineered applications for the RF/microwave, photonics, medical, aerospace and defense, and general electronics industries.
"Coining is an outstanding addition to AMETEK's business portfolio and an excellent fit with our engineered materials, interconnects and packaging businesses," notes Frank S. Hermance, AMETEK Chairman and Chief Executive Officer. "Coining's unique proprietary manufacturing processes mesh well with our existing specialty metals capabilities."