March 31, 2005 – Ancora Management LLC today said it has completed the purchase of the assets of Robotic Vision Systems Inc.’s Semiconductor Equipment Group (SEG). The company had been operating under protection of the US Bankruptcy Court, which approved the sale of SEG. The business will operate as RVSI Inspection LLC and will continue to be based in Hauppauge, Long Island.
Charles Evans, Ancora’s managing member, will serve as president of RVSI Inspection. The company manufactures, sells and services the WS-series of bumped wafer inspection systems and the LS series of assembled IC inspection systems.
“RVSI does inspection better than anyone in the business. It offers the best technological approach to both lead scanning and wafer inspection; its products offer superior price performance advantages. We believe that RVSI has great products and a great market position; this is what the customers told us when we spoke to them prior to completing the acquisition. With the addition of Ancora’s financial depth and discipline, RVSI Inspection’s Hauppauge staff now has the chance to make and support those great products like a true world-class company, a potential it has long strived for but been unable to obtain.”
Ancora Management LLC is located in Greenwich, CT, and has made investments in a number of operating companies including Great Lakes MDF LLC and Cleveland Thermal LLC.