| Steven Dresner's Recent Comments on the Merger and... >> |
Dresner Partners Advises SEMX Corporation on its Merger with Coining Holding Company |
|
FOR IMMEDIATE RELEASE
Headquartered in Armonk, N.Y., SEMX Corporation (SEMX) is a leading niche manufacturer of specialty materials and engineered metal products with a global footprint. The company focuses on interconnect and packaging products for microelectronic component designers and assemblers, while also addressing broader applications across a variety of industries. The company’s products are used in the medical device, telecommunications, semiconductor, automotive, industrial, consumer, and aerospace & defense industries. ACI Capital Co., LLC, a New York-based private equity firm, has been a major investor in SEMX. Coining Holding Company, based in Saddle Brook, N.J., viewed the transaction as highly strategic, with the merger offering both operating and sales and marketing synergies. Gary Holcomb, Chief Executive Officer of Coining Holding Company, said, “We are very excited to be able to supplement Coining’s business with SEMX’s broad product line, blue chip customer base and diverse end markets, not to mention bringing SEMX’s outstanding management team on board. Together, we are confident that we will continue to grow as a stronger, more diversified organization with a broad geographic and end market presence.” SEMX’s Executive Vice President of Sales, Vito Tanzi, commented, “We had always viewed Coining as the logical strategic buyer for SEMX. With our product and customer overlap and complementary geography and end markets, this combination is an excellent fit.” Kevin Penn, Managing Director at ACI Capital Co., LLC, added, “This merger is a great outcome for all constituencies. The Dresner team did a great job bringing the merger to a successful closing, and we appreciate the hard work and dedication of all of our professional advisors and the SEMX management team.” The transaction was co-managed by Gregg Pollack and Vince Pappalardo, both managing directors at Dresner Partners. Gregg Pollack stated, “We are pleased to have facilitated this strategic transaction on behalf of the shareholders of SEMX in this challenging environment.” Vince Pappalardo, head of Dresner’s Metals Practice, added, “These two premier manufacturing companies will be much stronger together than they were individually, and we are confident that the two companies will benefit from the diversity of resources at the combined organization. As a result, the companies are much better positioned to gain market share and continue to grow profitably in their niche markets.” About Dresner Partners About SEMX Corporation About Coining Holding Company # # # For Media Inquiries: |
