TTM Technologies To Buy Meadville Assets For $521M

SANTA ANA, Calif. (AP) ¿ TTM Technologies Inc. said Monday it has agreed to buy the printed circuit board business of Meadville Holdings Ltd. for $521 million in cash and stock.

TTM said its acquisition will create one of the biggest circuit board manufacturers in the world, with $1.35 billion in revenue.

Meadville, which is based in Hong Kong, makes printed circuit boards for communications equipment, cell phones, and high-end consumer electronics.

TTM expects to close the deal in the first quarter of next year.

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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