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O.C. BUSINESS PLUS | ORANGE COUNTY BRIEFLY

Dense-Pac to Acquire Laguna Hills Firm

October 20, 2000|Dow Jones

Dense-Pac Microsystems Inc., a Garden Grove maker of high-density semiconductor products, said Thursday that it has signed a letter of intent to buy a Laguna Hills engineering and manufacturing outsourcing firm for $6 million in stock and debt.

Dense-Pac said in a press release that it plans to buy Productivity Enhancement Products Inc., which has generated $7 million in revenue over the past 12 months.

Details about the number of shares and the amount of debt involved in the deal were not provided.

Dense-Pac, which reported revenue of $18.2 million for the six months ended Aug. 31, said it expects to complete the acquisition before the end of the year.

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