Nippon Mining & Metals Acquires Electroplater, Sanyu Electronic Industry

Nippon Mining & Metals announced on Thursday the acquisition of Sanyu Electronic Industrials’ all issued stocks on April 1. Sanyu Electronic Industrial is Japanese major electroplater. The total acquisition cost is unrevealed. Nippon Mining & Metals has recently strengthened metal plating and pressing business, including the integration of the 100% subsidiary, Nikko Fuji Electronics announced in December 2009. Nippon Mining & Metals will become able to supply metal plating services for both materials and components by these acquisitions. Nippon Mining & Metals eyes to provide component plating services at its overseas sites.

Nippon Mining & Metals will totally acquire Sanyu Electronic Industry’s 180,000 issued stocks in cash. The shares are now held by the founding family and Tokyo Small and Medium Business Investment & Consultation, Japanese venture capital.

Sanyu Electronic Industrial was established in 1957 with a capital at 90 million yen. The firm provides electroplating services for connector pins and electronic components by gold, silver, palladium, tin, zinc, nickel and other metals. The firm has a leading technology to control electroplating thickness at minimum 0.1 micrometer especially for pressed metal components. The annual sales were 8.8 billion yen in fiscal 2008 ended in March 2009. The firm operates domestic plants in Tokyo, Gunma and Iwate with 300 employees as of October 2009.