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August Technology Signs Agreement to Acquire Semiconductor Technologies & Instruments (STI)
June 6, 2002 |Estimated reading time: Less than a minute
STI, owned by ASTI Holdings Ltd. of Singapore, is a leading competitor in the automated micro defect inspection equipment market. The acquisition purchase price is approximately $26.1 million consisting of $12 million cash, a $3 million six-month note to ASTI Holdings, Ltd. and $11.1 million in stock.
Chino and La Mirada, Calif. -- Desco Industries Inc. has acquired the Protektive Pak Division of Brick Container Corp.