The Management Board of Pfeiffer Vacuum Technology AG (“Pfeiffer Vacuum”) today announces the acquisition of US-based Nor-Cal Products Inc. (“Nor-Cal”), effective June 22, 2017. With around 300 employees in the USA and Vietnam, Nor-Cal manufactures premium-quality vacuum components, chambers and valves for international customers in the fields of semiconductors, coating and displays as well as for leading universities and research facilities. Nor-Cal is currently benefiting from this industry’s very positive outlook and expects full-year sales of around USD 60 million at an EBIT margin around the level of the Pfeiffer Vacuum group. The agreed purchase price amounts to USD 68 million on a cash and debt-free basis. The transaction was mainly financed via a bank loan.
