AGC Inc. Acquires Park Electrochemical's Electronics Business

AGC Inc. (Tokyo) has agreed to acquire the electronics business of US-based Park Electrochemical Corp. for about ¥16 billion. The deal transfers Park's CCL and related printed-circuit materials operations (with manufacturing in the US, Singapore and France) to AGC to strengthen its high-end materials and next-generation high-speed communications product portfolio; Park will retain its aerospace business and remain a US public company.