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Technica USA Announces New Equity Investment to Fund Growth Plans
November 10, 2019 | Technica USAEstimated reading time: 1 minute
On October 31, 2019, Technica USA located in San Jose, California announced they reached agreement on an equity investment that will be used to expand the Company’s already successful business model.
The equity investors consist of ELITE MATERIALS CO. LTD (EMC), which Technica has had a relationship with since 2013 as their Master Distributor in North America; CCI EUROLAM a distributor of EMC materials, other consumable products and equipment for the printed circuit board (PCB) industry in Europe, Middle East and Africa (EMEA); and DRAGON LIMITED ERA, a third-party investor. Collectively, the equity investors will hold a majority interest in the Company.
Technica USA is a major supplier of materials and equipment products suited for the PCB fabrication and surface mount technology (SMT) assembly markets. The investment will allow the Company to add resources that will enable it to rapidly increase their laminate material business and other consumable products while maintaining their major emphasis on growing its equipment sales, service and support to the SMT and PCB fabrication industries.
Frank Medina will remain as an owner and President of the Company. Mr. Medina stated, “I am looking forward to working with the new investors to achieve the Company’s intended objective of growing and strengthening our presence in the U.S. and Canada in both of the markets we serve.” He continued, “The investment will not only be beneficial to our Company’s success but it will be equally valuable to our customers and supply partners.”
About Technica USA
Technica USA provides the highest quality equipment and process materials, manufactured worldwide, for the printed circuit board fabrication and SMT assembly markets. For more information on Technica USA, please contact Jason Perry at 1-408-240-5950 or visit our website at technica.com.
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