Release: February 2, 2012
NGK INSULATORS, LTD.
NGK Insulators, Ltd. (President: Taro Kato; Headquarters:
Nagoya, Japan) has announced that NGK subsidiary FM
Industries, Inc. acquired the advanced components
business on February 1, 2012 from Praxair, Inc., the
largest U.S. industrial gases manufacturer. Based in
Fremont, California, U.S.A., FM Industries manufactures
metal components for semiconductor manufacturing
equipment. The advanced components business is engaged in
the production and coating of semiconductor manufacturing
equipment components. Through this business acquisition,
NGK will strengthen its business foundations in ceramic
products for semiconductor manufacturing equipment, with
the aim of driving further growth in the Electronics
Business.
The advanced component business of Praxair is a division of
Praxair Surface Technologies, Inc., a subsidiary of
Praxair, and is engaged in the production of semiconductor
manufacturing equipment components and the coating of these
components to increase their corrosion resistance. With
manufacturing sites in Poughkeepsie, New York and Phoenix,
Arizona, the advanced component business reported net sales
of US$28 million in 2011 and has around 70 employees.
NGK acquired FM Industries in 2002. In 2010, FM Industries
acquired LJ Engineering and Manufacturing Inc., which is
based in Santa Clara, California. By combining the two
companies' metal machining and module production
technologies with NGK´s ceramics technologies, NGK was able
to expand its ceramic business for semiconductor
manufacturing equipment.
Through the acquisition of the advanced component business
from Praxair, NGK will lay stronger business foundations by
expanding the ceramic business for semiconductor
manufacturing equipment, with the aim of driving further
growth in the Electronics Business.
Outline of FM Industries
|
1. Name
|
FM Industries, Inc.
|
|
2. Established
|
1989
|
|
3. Location
|
Fremont, California, U.S.A.
|
|
4. President
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David Miller
|
|
5. Business activities
|
Machining of metal components and production of modules
for semiconductor manufacturing equipment
|
|
6. Net sales
|
US$100 million (2011 result)
|
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