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Cookson Electronics Announces Portfolio Restructuring
August 4, 2003
As part of a wide restructuring plan, Cookson Electronics announced the exit and sale of its equipment business. This decision will not affect their materials businesses, Alpha Metals, Fry, Enthone, Polyclad Laminates and SCS (Specialty Coating Systems). The decision relates to Speedline Technologies and its MPM, Camalot, Electrovert and Accel product lines. Raymond P. Sharpe, president and CEO of the company said, "Although Speedline has had a history of technological leadership, the intensity of recent cycles and variability in the equipment marketplace has led us to conclude that it is in the best interest of our customers and shareholders to sell this business and focus our resources on our core business of developing and producing advanced materials for both the electronics and surface finishing industries."