Compass Plastics & Technologies Inc. Announces Definitive Agreement to Acquire Gumsung Plastics USA.GARDENA, Calif.--(BUSINESS WIRE)--Oct. 14, 1998--Compass Plastics & Technologies Inc. (Nasdaq:CPTI CPTI Conscience and Peace Tax International CPTI Counselling and Psychotherapy Training Institute (Edinburgh, Scotland, UK) CPTI Center for Patent and Trademark Information CPTI Concrete Polishing Technical Institute ) Wednesday announced that it has entered into a definitive agreement, following upon an earlier agreement in principle, to acquire the assets and operations of Mexicali, Mexico-based Gumsung Plastics, USA ("Gumsung Plastics"), a wholly-owned subsidiary of South Korea-based Gumsung Plastics, LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . The closing of the transaction is expected in November, subject to financing. Terms of the transaction were not disclosed. Gumsung Plastics is one of the largest contract manufacturers and assemblers This is a list of assemblers. Hundreds of assemblers have been written; some notable examples are:
Compass Plastics & Technologies is a leading contract producer of custom injection molded enclosures, components, and sub-assemblies for use by a diverse base of OEMs in the computer monitor, PC, printer, consumer electronics, and medical device industries. The company has manufacturing and assembly facilities in Silicon Valley, Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, , and Baja, Mexico. Customers include Sony, Hewlett Packard, Panasonic Telephone, Apple Computer, Silicon Graphics, and Lifescan. The statements in this news release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties that could cause actual results to differ from predicted results. These risks are further discussed in the form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and annual report filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion