Restructuring plans include the sale of ET Equipment Ltd, its machine shop operation located in Cwmfelin-fach, Wales, United Kingdom, to ETEQ Limited located in Vale of Glamorgan, Wales, as well as an overall 15% reduction in its employees and contractors.
“This restructuring effort is designed to allow Aviza to focus on our core market strengths, shed some underperforming products, and ultimately position the Company for growth,” said Jerry Cutini, Aviza’s President and CEO.
(April 3, 2008) Las Vegas — Henkel Corporation announced at APEX that they’ve acquired Ablestik and Emerson & Cuming, the adhesives group of National Starch, for approximately $6 billion. The companies will become part of Henkel’s adhesives group, bringing in die attach, board-level interconnect, and related materials, along with intellectual property (IP) and a global manufacturing base.