News

MELVILLE, NY – Park Electrochemical Corp.’s Nelco Products business will cut an unspecified number of jobs at its Fullerton, CA, laminate manufacturing site.

The company expects to take a third-quarter charge of $100,000 for employment termination benefits.

Earlier, Park announced plans to close its digital laminates production plant in France, and also trim some operations at its microwave materials plant there.

The company spent some $50 million to upgrade its US plants in 2000.

ITASCA, IL – M-Wave announced today an asset purchase agreement with its management team under which the company will transfer substantially all of its operating assets and certain liabilities in exchange for $500,000.

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