Communications and Power Industries -- Formerly Varian Electron Devices -- Sets Acquisition Program.LAS VEGAS--(BUSINESS WIRE)--April 15, 1996--Less than one year after spinning off from Varian Associates Varian Associates was a company founded in 1948 by Russell H. and Sigurd F. Varian, William Webster Hansen, and Edward Ginzton to sell the klystron, the first tube which could generate electromagnetic waves at microwave frequencies, and other electromagnetic equipment. , Inc., Communications and Power Industries, Inc. (CPI (1) (Characters Per Inch) The measurement of the density of characters per inch on tape or paper. A printer's CPI button switches character pitch. (2) (Counts Per I ) has embarked on an acquisition program, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Al Wilunowski said here today at the company's first participation as an independent exhibitor at the National Association of Broadcasters convention. "Already the world's largest manufacturer of microwave and power tubes, we are looking to acquire both product lines and entire companies in fields complementing CPI's leadership in satellite communications for commercial TV broadcasting, communications, and defense," Wilunowski said. "Companies joining the fold will have their product lines supported by CPI's market position of more than 10,000 installed sites in 152 countries and 24-hour customer service centers in California, New Jersey, People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China, Indonesia, Japan, Russia, and the Netherlands." Formerly Varian's Electron Device Business, CPI is comprised of six divisions, four of which build power tubes and amplifiers for the satellite industry. The buyout was financed by the investment firm, Leonard Green & Partners. "We have access to plenty of capital," said Wilunowski, "and will continue heavy funding of research and development, currently running at 10 percent of sales. For example, we're developing a new type of smaller, more energy efficient and cost-effective microwave tube. "Our corporate objective is to more than double revenues over the next five years," he concluded. CPI, formerly Varian Electron Devices, is the world leader in the development, manufacture, and distribution of components for systems used to generate, amplify, and transmit high-power/high-frequency microwave and radio frequency signals. The company's products include microwave and power grid tubes, microwave amplifiers and other related products for a variety of applications in the communications, defense, industrial and medical markets. Based in Palo Alto Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif., CPI has 1,800 employees and facilities in San Carlos San Carlos (săn kär`lōs), residential city (1990 pop. 26,167), San Mateo co., W Calif.; inc. 1925. The chief manufactures are plastic products, hardware, and machine parts. and Santa Clara Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif., Beverly, Mass., and Georgetown, Ontario, Canada. CONTACT: Communications and Power Industries John Beighley, 415/846-3645 john.beighley@twtp.cpi.com or Purdom Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Charlie Purdom, 415/588-5700 charlie_purdom@purdompr.com |
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