Pfeiffer Vacuum Technology acquired California-based Nor-Cal Products Inc. for approximately $68 million.
Nor-Cal manufactures vacuum components, chambers and valves for universities and research facilities and for companies in the semiconductor industry. It has 300 employees in the United States and Vietnam.
Pfeiffer Vacuum will continue offering Nor-Cal’s components to semiconductor customers but also plans to integrate them into the analytics and industrial market segments. Nor-Cal, which operates plants at its Yreka, Calif., headquarters and in Ho-Chi-Minh-City, Vietnam, has identified the medical engineering sector in North America as a future growth market.
Pfeiffer Vacuum expects to take advantage of Nor-Cal’s advanced online and offline sales channels to win new customers and grow its market share in North America. Nor-Cal and its management team will immediately be integrated into Pfeiffer Vacuum’s existing organizational structure.