UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
| Date of Report (Date of Earliest Event Reported): | May 9, 2011 |
AMETEK, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
| Delaware | 1-12981 | 14-1682544 |
|
_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| 1100 Cassatt Road, Berwyn, Pennsylvania | 19312 | |
|
_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
| Registrant’s telephone number, including area code: | 610-647-2121 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On May 9, 2011, AMETEK, Inc. issued a press release to announce it has acquired Coining Holding Company. A copy of such press release is attached as Exhibit 99.1. The information contained in said press release is hereby incorporated by reference in this Form 8-K.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| AMETEK, Inc. | ||||
| May 9, 2011 | By: |
/s/ Robert R. Mandos, Jr.
|
||
|
|
||||
| Name: Robert R. Mandos, Jr. | ||||
| Title: Senior Vice President and Comptroller | ||||
Exhibit Index
| Exhibit No. | Description | |
|
|
|
|
|
99.1
|
Copy of press release issued by AMETEK, Inc. on May 9, 2011. |
EXHIBIT 99.1
CORPORATE OFFICE
1100 Cassatt Road, Berwyn, PA 19312
Contact: William Burke (610) 889-5249
AMETEK ACQUIRES COINING HOLDING COMPANY
Berwyn, PA, May 9, 2011 — AMETEK, Inc. (NYSE: AME) today announced that it has acquired Coining Holding Company, a leading supplier of custom-shaped metal preforms, microstampings and bonding wire solutions for interconnect applications in microelectronics packaging and assembly, for $148 million in cash. Coining, acquired from an investor group led by Chattanooga, TN based River Associates Investments, LLC, has estimated annual sales of approximately $65 million.
With its headquarters in Montvale, NJ, Coining is a global leader in custom-shaped preforms, microstampings and wire used for joining electronic circuitry, packaging microelectronics and providing thermal protection and electric conductivity for a wide range of electronic devices. Coining’s products are used in highly engineered applications for the RF/microwave, photonics, medical, aerospace and defense, and general electronics industries.
“Coining is an outstanding addition to AMETEK’s business portfolio and an excellent fit with our engineered materials, interconnects and packaging businesses,” notes Frank S. Hermance, AMETEK Chairman and Chief Executive Officer. “Coining’s unique proprietary manufacturing processes mesh well with our existing specialty metals capabilities.”
Coining joins recently acquired Avicenna Technology in AMETEK’s Engineered Materials, Interconnects and Packaging, (EMIP) Division, which manufactures highly engineered electronic interconnects and microelectronic packaging for a wide range of electronics applications. EMIP is a division within AMETEK’s Electromechanical Group—a differentiated supplier of electrical interconnects, specialty metals, technical motors, floor care motors and specialty motors with annualized sales of $1.3 billion.
Corporate Profile
AMETEK is a leading global manufacturer of electronic instruments and electro-mechanical devices with annualized sales of $2.9 billion. AMETEK’s Corporate Growth Plan is based on Four Key Strategies: Operational Excellence, Strategic Acquisitions & Alliances, Global & Market Expansion and New Products. AMETEK’s objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. The common stock of AMETEK is a component of the S&P MidCap 400 and the Russell 1000 Indices.
—MORE—
AMETEK ACQUIRES COINING HOLDING COMPANY
Page 2
Forward-looking Information
Statements in this news release relating to future events, such as AMETEK’s expected business and
financial performance are “forward-looking statements.” Forward-looking statements are subject to
various factors and uncertainties that may cause actual results to differ significantly from
expectations. These factors and uncertainties include our ability to consummate and successfully
integrate future acquisitions; risks associated with international sales and operations; our
ability to successfully develop
new products, open new facilities or transfer product lines; the price and availability of raw
materials; compliance with government regulations, including environmental
regulations; changes in the competitive environment or the effects of competition in our markets;
the ability to maintain adequate liquidity and financing sources; and general economic conditions
affecting the industries we serve. A detailed discussion of these and other factors that may
affect our future results is contained in AMETEK’s filings with the U.S. Securities and Exchange
Commission, including its most recent reports on Form 10-K, 10-Q and 8-K. AMETEK disclaims any
intention or obligation to update or revise any forward-looking statements.
# # #