Diodes Inc., which makes power-supply regulators known as rectifiers, has agreed to purchase Willas Co. Ltd., a privately held electronic-parts distributor based in Hong Kong. The deal, terms of which were not disclosed, would nearly double Diodes' sales.
The Chatsworth-based company's president and chief executive, David Lloyd, said the acquisition was intended to expand his company's presence in the Pacific Rim.
No changes in employment are anticipated, Lloyd said. Diodes employs 80 people at three facilities: in Chatsworth, Lynn, Mass., and a Taiwan branch office.
Willas has 18 workers, all of whom work in Hong Kong. Lawrence Leung, general manager of Willas, and other company officials will continue to operate the company under employment contracts with Diodes.