CYPRESS — NPC Holding, a subsidiary of Japan's Nakamichi Corp., said Wednesday that it has agreed to acquire a producer of optical disk-drive components in Monument, Colo., for an undisclosed price.
NPC, which owns optical disk-drive maker Most Inc. in Cypress, said it plans to acquire the Optical Products Division of Applied Magnetics Corp., which has about 50 employees in Colorado.
Most Inc. employs about 500 people in Cypress, said Kim Frank, general counsel for NPC. The new Colorado division will remain as an independent subsidiary of NPC. Most Inc. officials said they are acquiring the operation to obtain an American supplier of key components.
Using the same technology as audio compact disk players, Most Inc.'s optical disk drives store data from computers. The Optical Products Division makes magneto-optical disk-drive components.
Frank said she expects the deal to close within a few weeks.
