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 MAM Press Releases
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CSI of Italy Acquires Majority Stake in
Mitsui Advanced Media, Inc.. |
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Colorado Springs, CO – June 16, 2003
Mitsui Chemicals, Inc. has made a strategic
decision to partially withdraw from the CD-R and DVD-R manufacturing
arena.
Computer Support Italcard s.r.l. (CSI) of Italy, has agreed to
acquire the majority stake in Mitsui Advanced Media, Inc..
CSI of Milan Italy, is a leader in the
production of CD-R, DVD-R, micro floppy disc, paper products, CD-Rom and
CD-Audio. CSI was created in 1997 through a fusion between two companies,
Computer Support Italy and Italcard. Italcard was a market leader in the
production of listing forms for printers, born in 1975. CSI operates a
150,000 sq. ft. facility at Milan, Italy. Last summer CSI also acquired
majority control of Mitsui Advanced Media, SA in France, now Manufacturing
Advanced Media Europe, SA (MAM-E).
Since then, CSI has installed DVD-R and additional CD-R capacity in the MAM-E facility. With the acquisitions of MAM-E
and Mitsui Advanced Media, Inc., CSI will command approximately $130
million in annual sales.
Mitsui Advanced Media, Inc. will change it's
name to
MAM-A Inc..
MAM-A will still be able to draw on the resources
of CSI and Mitsui Chemicals to better serve the customer base. The new
alliance between CSI and
MAM-A will also enable the company to offer new
products in the near future.
For Further Information Contact:
Joe Weisenbach
MAM-A Inc.
10045 Federal Drive
Colorado Springs, CO 80908
Phone: 719-262-2453
email
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