Vishay Intertechnology Buys Holy Stone Polytech

(RTTNews) - Vishay Intertechnology, Inc. (VSH) said Wednesday that it has bought Holy Stone Polytech Co., Ltd., a Japanese manufacturer of tantalum capacitors, from Holy Stone Enterprise Co. Ltd. for about $21 million, subject to customary post-closing adjustments.

"In the Company's announced Growth Plan," said Gerald Paul, Vishay's President and Chief Executive Officer, "we indicated that niche acquisitions would supplement intensified internal growth. Our acquisition of Holy Stone Polytech fits well into our strategy by enlarging our technological capabilities in tantalum capacitors and by strengthening the Company's position for these capacitors, especially in Japan."