Tyco International to Buy ElectroStar
Tyco International Ltd. said it agreed to acquire ElectroStar Inc. for about $106 million in cash, or $14 a share. Tyco said the acquisition of Logan, Utah-based ElectroStar, a maker of complex printed circuit boards, will complement Tyco’s printed-circuit business and allow it to expand into rapidly growing market segments. ElectroStar has annual revenue of more than $70 million and operates two manufacturing facilities in Logan and Inglewood. The company is an affiliate of closely held Trivest Inc., a Miami-based investment firm. Exeter, N.H.-based Tyco said it will soon begin a tender offer for all of ElectroStar’s 7.54 million shares.
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