September 30, 2011
Vishay Intertechnology Inc., Malvern producer of electronic components, said it paid $19.6 million for the resistor businesses of Huntington Electric Inc. "In the Company's recently announced growth plan, we indicated that niche acquisitions would supplement intensified internal growth. Our acquisition of Huntington fits well into this strategy, complementing our already broad and strong resistor product business," Gerald Paul, Vishay's president and chief executive officer, said in a prepared statement.
April 2, 1998 |
Joseph W. Mintzer Sr., 81, who was a commercial artist, singer and advertising manager, died Sunday at the Elm Terrace Gardens retirement community in Lansdale. During World War II service with the First Marine Division, he strung wires between telephone poles in the South Pacific, including duty on Guadalcanal and Eniwetok. While off duty, he often sketched - in watercolors, crayon and pencil - what he observed from the tops of those poles. He also painted crosses marking the graves of those who fell in the battle for the Marshall Islands.
August 15, 1992 |
With support from the government of Israel and a degree of confidence about economic prospects, Vishay Intertechnology Inc. said yesterday that it would boost its production of electronic components in Israel. The company, with headquarters in Malvern, said that over the next five years it would create about 800 jobs in Dimona, Israel, where the company already makes electronic resistors. Under terms of an agreement with the Israeli government, Vishay will receive a tax-free grant of about $30,000 for each job it produces.
September 25, 1990 |
Vishay Intertechnology Inc., the Malvern maker of electronic resistors and sensors, said yesterday that it would pay $3.8 million in criminal and civil fines to the U.S. government to settle fraud charges against its Dale Electronics Inc. subsidiary. The fines were imposed after Dale pleaded guilty Friday in U.S. District Court in Omaha to submitting false statements certifying that its electronic resistors met or exceeded Defense Department standards when they did not. The three false reports occurred between September 1985 and February 1986, before Vishay's 1988 purchase of Dale.
August 22, 1990 |
Vishay Intertechnology Inc. said yesterday that it had lost its bid to buy a British manufacturer of electronic resistors whose shareholders instead tendered their shares to a rival British bidder. However, Felix Zandman, chairman of the Malvern resistor maker, said Vishay still would try to buy the U.S. operations of Crystalate Holdings PLC. The U.S. division supplied Crystalate with about one-third of its $180 million in sales last year. Vishay said TT Group PLC had succeeded in acquiring more than 56 percent of the common shares of Crystalate by Friday, making Vishay's bid moot.
August 10, 1990 |
Cost-cutting efforts paid off in a big way in the second quarter at Vishay Intertechnology Inc., the Malvern maker of electronic resistors, sensors and other components. The company said its profits rose by nearly two-thirds on a modest increase in sales. "We are pleased that the effects of our planned cost-reduction programs are now starting to be seen in our results," said Felix Zandman, chairman and chief executive officer. "These programs will continue to be a high priority.
May 15, 1990 |
What a difference a year makes! Last year, Vishay Intertechnology Inc. was only 71st in size among the Philadelphia area's publicly held industrial companies. This year it's No. 15. No, the market for Vishay's resistors and stress-measurement devices hasn't taken off overnight. It's just that Vishay has bought itself a much bigger chunk of that market. Two major acquisitions accounted for nearly all of Vishay's spurt, to $415.6 million in annual sales from $244.4 million the year before.
May 4, 1990 |
Vishay Intertechnology Inc. of Malvern yesterday said that it would try to acquire a British company, Crystalate Holdings, that has asked Vishay to help it stave off an unsolicited tender offer. Vishay, which manufactures resistors, plans to make an offer for Crystalate before May 28, chief executive officer Felix Zandman said. The timing and amount of the offer will depend on how soon Vishay can get antitrust clearance from the Justice Department and on Crystalate's six-month financial results, due to be released in a few weeks, Zandman said.
August 10, 1989 |
Vishay Intertechnology Inc., the Malvern manufacturer of electronics components, yesterday announced that its Dale Electronics Inc. subsidiary was under investigation by the U.S. Department of Defense for alleged reporting irregularities. Neither Vishay nor federal officials would comment on the investigation or the allegations. However, Vishay said it had met with federal officials to discuss whether Dale might be prohibited from further government contracts under a process known as debarment.
October 24, 1988 |
Vishay Intertechnology Inc. has gobbled up three companies in little more than a year. But is Felix Zandman, the chief executive and founder of Vishay, worried about digestion problems? Hardly. Decentralization is a principal tenet of the 26-year-old Malvern electronic-components firm. Since Vishay has sought only well-managed companies interested in a friendly takeover, Zandman is content to let well enough alone. "There's no central command in terms of policies and personnel or other internal matters," says Zandman, who met last week for two days with officials of his newest acquisitions at the Four Seasons Hotel.