ENDICOTT, NY -- The former head of Endicott Interconnect Technologies has won a bid to buy the bankrupt company. Integrian Holdings, a company set up earlier this year by James Matthews Jr., beat out three other bidders for the printed circuit board manufacturer.

Mathews is a cofounder and minority shareholder of EI. He left the company this summer in order to prepare a bid for the firm.

The deal does not include certain debt held by EI, and equipment and software installed at the factory but owned by Orbotech.

Mathews has not commented on his plans for the company. One day ago, New York state offered $2.5 million in incentives to retain EI's 575 workers.

EI filed for Chapter 11 bankruptcy protection on July 10.