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INDUSTRY NOTES

Microsemi's Latest Buy Is a Santa Ana Company

July 27, 1986|CARLA LAZZARESCHI

Microsemi Corp. said it has purchased RPM Enterprises, a small Santa Ana electronics maker, for about $1 million in cash and notes.

It was the second acquisition in less than a month for Microsemi, a Santa Ana electronics manufacturer and defense contractor. Earlier this month the company purchased Bikor Corp., a small Torrance electronics manufacturer, for less than $1 million.

"We're in an active acquisition mode," said David Sonksen, Microsemi's vice president for finance. "We expect to make additional acquisitions."

In April, Microsemi raised about $12 million from a common stock sale in preparation for the acquisitions.

RPM will become a part of Microsemi's wholly owned subsidiary, Microcap Inc. Rudy Maravich, RPM's founder and top executive, will continue to direct its operations.

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