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Slide #84. Manz AG — KEMET Machinery Division
KEMET Machinery Division (NYSE:KEM)
KEMET Corporation (NYSE: KEM) today announced that its wholly-owned subsidiary, KEMET Electronics Italia S.r.l., has entered into an agreement to sell the assets and specified liabilities of its Machinery division to Manz AG ("Manz"). The division was originally acquired by KEMET as part of its purchase of Arcotronics Italia S.p.A. in 2007, and manufactures machines for the production of lithium-ion batteries, film capacitors and electrolytic capacitors. As a result of the sale, all 83 division employees will be transferred to Manz. The transaction also includes a supply agreement by which Manz will supply certain capacitor manufacturing equipment to KEMET over the next four years.
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