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Honeywell Acquires Thermal Solutions Product Line from Intri-Plex Technologies
April 30, 2004 |Estimated reading time: 1 minute
Sunnyvale, Calif. — Honeywell announces the acquisition of the Thermal Solutions product line of Intri-Plex Technologies Inc. (IPT).
The acquisition adds leading-edge metal forming technology for advanced heat spreaders to the packaging materials portfolio of Honeywell Electronic Materials. As part of the deal, Honeywell will acquire manufacturing operations in Thailand, which Honeywell Electronic Materials and IPT established in 2003 exclusively for the manufacture of heat spreaders. Financial terms of the deal were not disclosed.
IPT, a partner of Honeywell Electronic Materials since 2001, is a premier supplier of heat spreaders for advanced semiconductor packaging. Thermal dissipation is one of the industry's largest technology challenges and the acquisition further expands Honeywell's portfolio of thermal management solutions.
The acquisition will support both product development and volume growth, and will reinforce Honeywell's ability to supply the highest quality products available.
Honeywell International is a $23 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials.
Honeywell Electronic Materials, a unit of Honeywell Specialty Materials, is a leading material supplier to the semiconductor industry developing and manufacturing a broad line of products utilized in the production of integrated circuits. For more information, visit www.electronicmaterials.com