KYOCERA COMPLETES MERGER WITH TYCOM CORPORATION.Kyocera Corporation (NYSE NYSE See: New York Stock Exchange : KYO) has disclosed that its wholly-owned U.S. headquarters, Kyocera International, Inc. (KII), has successfully completed its previously announced acquisition of privately-held Tycom Corporation. Tycom is a premium producer of carbide cutting tools for the printed circuit board (PCB PCB: see polychlorinated biphenyl. PCB in full polychlorinated biphenyl Any of a class of highly stable organic compounds prepared by the reaction of chlorine with biphenyl, a two-ring compound. ) industry, with the largest share of the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. market and the second-largest market share globally. The addition of Tycom expands Kyocera's cutting tools product segment into the strategically important information and communications sector. Tycom, which is both a manufacturer and a provider of engineering services, becomes a wholly-owned subsidiary of KII. It will operate as a separate company under the direction of its existing management team, led by Tycom co-founder Scott Yardley in his continuing role as president and 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. . |
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