Capacitor manufacturer Cornell Dubilier Marketing Inc. said it acquired the assets of Illinois Capacitor and its affiliates.
Cornell Dubilier said the acquisition would help the component manufacturer grow its board-level power capacitor business and to service customers in Asia. Illinois Capacitor operates a sales, warehouse and logistics center in Hong Kong.
"Illinois Capacitor significantly expands our board-level capacitor offering while still maintaining a focus on film and electrolytic power capacitors, said Jim Kaplan, Cornell Dubilier president. Illinois Capacitor has an “exceptional print position and will benefit from the strengths of our additional distribution partners," he said.
Kaplan added that Cornell Dubilier's customers will benefit by having a full service warehouse in China and access to a broader offering of capacitors.
Based in Chicago, Illinois Capacitor has been in the capacitor business for more than 80 years. It makes aluminum electrolytic, film, conductive polymer, and electric double layer capacitors to industrial electronics companies worldwide.
In addition to its Chicago location, which primarily services the North American market, Illinois Capacitor services customers in Asia from its Hong Kong sales and service center.
Cornell Dubilier designs and manufacturers electrolytic, AC and DC film, and mica capacitors for power electronics. It has facilities in New Bedford, Mass., Liberty, SC, Mexicali, Mexico and Shanghai, China.
Its customers include manufacturers of renewable energy inverters, welders, UPS systems, motor drives, military and aerospace systems and medical imaging equipment.
Combined, the two companies will offer one of the most extensive portfolios of high quality capacitor technologies, according to Cornell Dubilier.
Both companies will continue to sell through their current channels and will make announcements in the future concerning their capacitor brands.
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