Ferrotec Acquires MeiVac, Inc.

Adds Leading Thin-Film Deposition Systems, Vacuum Components and Services to Existing Precision Manufacturing Solutions

SANTA CLARA, CA, — December 08, 2020 — Ferrotec (USA) Corporation, the US subsidiary of Ferrotec Holdings Corp., a global supplier of materials, components, and precision system solutions, today announced that it has purchased MeiVac Incorporated.

MeiVac brings more than 25 years of experience as an industry leader in providing high-quality thin-film manufacturing systems, components and process solutions. It is a multi-faceted supplier of standard and specialty vacuum processing systems and components used in multiple high technology production and development applications. MeiVac’s served markets include data storage, photonics, telecom and government/R&D, among others.

“MeiVac’s vacuum coating and thin-film deposition are very complementary to Ferrotec’s existing vacuum products,” said Eiji Miyanaga, CEO of Ferrotec (USA) Corporation. “By combining MeiVac’s deposition process and engineering expertise with our technology portfolio and our strong global position, we expect this acquisition to have strategic and synergistic importance.”

“As a leader in the semiconductor industry, Ferrotec’s evaporative coating systems and vacuum components are recognized as the go-to solutions in their respective processes,” said David A. Meidinger, President and CFO of MeiVac, Inc. “With MeiVac’s sputtering tools expertise and our vacuum components offering, we see a harmonious path forward for our products and technology.”