TAOYUAN, HEISN, TAIWAN -- Elite Material Co. will acquire a 100% equity interest in EMD Specialty Materials, further consolidating the printed circuit laminates and removing yet another US domestic owner of a critical material.

Elite will pay $28.73 million in cash for the company.

In a regulatory filing, Elite said it sought to establish a North American manufacturing base and expand to the US to meet long-term market demand.

Rancho Cucamonga, CA-based EMD makes specialty laminates and prepregs for PCBs used in the aerospace, defense and semiconductor industries. Known also as Arlon EMD, it has been owned by Critical Point Capital since its purchase from Rogers in 2015.

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