PAOLI, Pa.--(BUSINESS WIRE)--AMETEK, Inc. (NYSE:AME) today announced that it has added the technology for ceramic components to its microelectronics packaging business with the acquisition of General Ceramics, a privately owned manufacturer of highly engineered hermetic microelectronic packages for sophisticated electronic applications in the aerospace, defense, telecommunications and industrial markets.
“General Ceramics is an excellent addition to our HCC Industries business, acquired in 2005. HCC produces highly engineered hermetic connectors, terminals, headers and microelectronic packages that are essential in protecting sensitive electronic devices from environmental and thermal damage. General Ceramics’ product line of ceramic components and ceramic-to-metal packages is a natural extension of HCC’s product range,” notes AMETEK Chairman and Chef Executive Officer Frank S. Hermance.
“General Ceramics broadens our technological capabilities by adding high-temperature, co-fired ceramic products. With this added capability we now provide our customers with a complete range of hermetic seals and microelectronic packaging solutions,” adds Mr. Hermance.
Headquartered in Los Angeles, CA, General Ceramics joins HCC Industries within AMETEK’s Electromechanical Group (EMG). In addition to electrical interconnects and microelectronic packaging, EMG is a leader in technical motors and systems, specialty metal products, and electric motors for floor care and other applications. EMG had 2005 sales of approximately $626 million.
AMETEK is a leading global manufacturer of electronic instruments and electric motors with annualized sales of $1.8 billion. AMETEK’s Corporate Growth Plan is based on Four Key Strategies: Operational Excellence, Strategic Acquisitions & Alliances, Global & Market Expansion and New Products. AMETEK’s objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. The common stock of AMETEK is a component of the S&P MidCap 400 Index and the Russell 1000 Index.
Statements in this news release that are not historical are considered “forward-looking statements” and are subject to change based on various factors and uncertainties that may cause actual results to differ significantly from expectations. Those factors are contained in AMETEK’s Securities and Exchange Commission filings.