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LQDX Divests Aluminum Soldering Business - Mina™ - to Taiyo America Inc.
May 2, 2024 | PRNewswireEstimated reading time: Less than a minute
LQDX, formerly known as Averatek Corp., developer of high-performance materials for advanced semiconductor manufacturing, today announced that it has divested its aluminum soldering business – known as MinaTM – to Taiyo America Inc., a global market leader in advanced electronic materials. The new relationship enables the scale-up of existing sales support and manufacturing, and a partnership to build further product traction.
"We are excited to complete this transaction with Taiyo," said Simon McElrea, LQDX CEO. "It encapsulates our mission of inventing, developing and scaling advanced electronic materials through divestiture and partnership deals with market-leading chemical companies. Taiyo's global reach and outstanding partnership approach epitomizes this vision, and we look forward to the continued relationship."
Takuji "Zach" Maekawa, President of Taiyo America Inc. stated, "Taiyo is committed to delivering unique and innovative products via our global network of production bases and sales channels. We are delighted to acquire LQDX's Mina technology as part of our corporate mission of raising the technological bar to provide ground-breaking products through excellence and innovation."
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