Murata Manufacturing Co., Ltd. (“Murata”) and Primatec Inc. (“Primatec”) announced that Murata has acquired all the shares of Primatec and that following this transaction, Primatec has become a wholly owned subsidiary of Murata as of November 1, 2016.
Primatec is dedicated to developing, manufacturing, and selling various products founded upon highly functional polymer products such as LCP (liquid crystal polymer) electronic materials. Primatec’s materials have been well received for use in high-performance circuit boards in the energy and display sectors, and demand for their products is estimated to further increase in the electronics and electronic component sectors in which miniaturized and thin products are increasingly in demand.
Murata will utilize the materials technology of Primatec to expand sales of MetroCirc™ (a multi layered resin substrate) used in smartphones, etc., and additionally develop new advanced products that lead the global market in new applications for IoT devices and data centers. This acquisition is part of Murata’s strategy to continue to strengthen and expand its businesses in all Electronic markets.
By EB Bureau
