Principal Mineral Acquires Isola, Secures $280M for Expansion

DALLAS – Principal Mineral in June acquired PCB materials manufacturer Isola Group and secured approximately $280 million in new funding to support expansion, technology development and supply-chain investments. Financial terms of the deal were not disclosed.

The acquisition adds Isola’s copper-clad laminate and dielectric prepreg portfolio to Principal Mineral’s existing operations, which include Camden Copper, a producer of electrodeposited copper foil. Together, the businesses supply two key materials used in printed circuit board manufacturing, strengthening the company’s position in advanced electronics supply chains.

Principal Mineral said the funding will support integration of the combined company, expansion of manufacturing capacity and investments across North America, Europe and Asia. Following the transaction, the company will employ approximately 1,300 people across 10 facilities worldwide.

The company said the combination is intended to improve supply-chain resilience for industries including aerospace, communications, satellite systems, AI infrastructure and energy.End of article content 

Kingboard to Expand PCB Capacity, Sells Stake in Laminate Unit

HONG KONG – Kingboard Holdings plans to raise approximately $1.5 billion through a stake sale in subsidiary Kingboard Laminates Holdings to expand production capacity and support growing demand for AI-related printed circuit board materials.

Kingboard Laminates, one of the world’s largest producers of copper-clad laminates, will use the proceeds to increase multilayer and high-density interconnect (HDI) PCB capabilities, expand manufacturing capacity, accelerate research and development efforts, and repay debt.

The move comes as AI infrastructure investment continues to drive demand throughout the electronics supply chain. Major cloud providers are expected to spend more than $800 billion on AI infrastructure in 2026, increasing demand for advanced PCB materials and manufacturing technologies.

Kingboard said the investment will strengthen its position as a vertically integrated supplier of electronic materials and support future growth in AI, networking and data center applications.End of article content 

AT&S Announces $1.7B IC Substrates Expansion

LEOBEN, AUSTRIA – Citing continued strong demand for AI infrastructure and advanced packaging technologies, AT&S in June announced plans to invest €1.5 billion to €2 billion ($1.7 billion to $2.27 billion) to expand production capacity for high-end IC substrates.

The plans are supported by key customers, including AMD and another undisclosed technology company, AT&S said. The agreements will support the installation of additional production capacity at the fabricator’s existing plant in Kulim, Malaysia, and in a previously unused building of a second plant there.

The deals are fully supported and financed by long-term customer commitments, which remain subject to final negotiation and execution, AT&S added.End of article content 

TTM Completes $130M New York UHDI Facility

DEWITT, NY – TTM Technologies has completed construction of a $130 million advanced manufacturing facility in DeWitt, NY, expanding domestic production of ultra-high-density interconnect (UHDI) printed circuit boards for defense applications.

The 215,000-sq.-ft. facility, known as Syracuse Diamond, is expected to create up to 400 engineering and manufacturing jobs and increase TTM’s Central New York workforce to approximately 1,000 employees.

The project received $30 million in funding from the US Department of Defense and is intended to strengthen the domestic defense electronics supply chain. TTM said the facility will produce UHDI PCBs used in advanced military systems and support ongoing research and development efforts related to advanced packaging and substrate technologies.End of article content 

Chase Acquires Sheldahl from Flex

WESTWOOD, MA – Chase Corp. in June completed its acquisition of Sheldahl from Flex, adding a portfolio of coated films, laminates and flexible circuit technologies used in aerospace, automotive, industrial and medical applications. Financial terms were not disclosed.

Sheldahl specializes in advanced materials and flexible circuitry, expanding Chase’s capabilities in specialty manufacturing and strengthening its position in high-reliability markets. Financial terms of the transaction were not disclosed.

The acquisition aligns with Chase’s focus on advanced materials and is expected to broaden its product offerings and market reach. Sheldahl’s technologies support a range of applications requiring lightweight, flexible and durable electronic solutions.

Sheldahl is one of the oldest PCB fabricators in the world, having been founded in 1946.End of article content 

Schmid Plans New China Manufacturing Campus to Expand Capacity

FREUDENSTADT, GERMANY – Schmid Group has signed a preliminary agreement with local authorities in Zhongshan, Guangdong Province, to establish a new manufacturing campus in China aimed at supporting future growth and increasing production capacity.

The planned facility will consolidate the company’s manufacturing operations currently spread across two leased sites into a single company-owned campus. According to Schmid, the new site is expected to nearly double the effective manufacturing capacity of its existing China operations through expanded floor space, improved workflows and more efficient logistics.

The investment is part of Schmid’s “In China for China” strategy and is intended to support growing demand for advanced wet-process equipment used in the production of high-density interconnect boards, IC substrates, AI server boards and other advanced electronic applications.

The project is expected to require approximately €11 million ($12.5 million) in investment for land acquisition, construction and infrastructure. Schmid anticipates securing most of the financing through local Chinese banks, with construction beginning following completion of land transfer, permitting and a final binding agreement.

The company expects the facility to begin operations in mid-2027.End of article content 

Green Circuits Changes Hands, Adds Canadian EMS

SAN JOSE – Green Circuits, one of the largest quickturn prototype electronics manufacturers in North America, changed hands in May. Financial terms were not disclosed.

Reichmann Segal Capital Partners in June acquired the EMS company from Praesidian Capital, which in turn had provided the capital to support Evolve Capital’s acquisition of Green Circuits in 2018. Reichmann Segal launched a fund, Metatron Private Equity, to acquire Green Circuits and

Reichmann Segal plans to group Green Circuits with OES Inc., which it acquired last year, London, ON-based OES was founded in 1981 and is a leader in LED video scoreboards, EMS and custom technology solutions.

Green Circuits chief executive Michael Hinshaw will remain with the company, which performs printed circuit board assembly and electronics manufacturing services for aerospace and defense, medical, industrial and other markets.End of article content 

Polymatech Opens Singapore Hub for LED Packaging and Memory Module Assembly

SINGAPORE – Polymatech has opened an advanced electronics manufacturing facility in Singapore that will serve as its Asia-Pacific hub for LED chip-on-board (CoB) packaging and advanced memory module assembly.

Backed by an investment of approximately $25 million, the facility is located at Mapletree Hi-Tech Park and is designed to support optoelectronics, advanced packaging and computing applications. The site includes dispensing, packaging, curing, inspection, testing and module assembly systems for high-precision electronics manufacturing.

The operation will focus on LED CoB packaging for UV, infrared and full-spectrum products used in horticulture, medical and industrial applications, as well as memory module assembly for high-performance computing, enterprise and embedded systems. Polymatech said the facility will strengthen supply-chain resilience and improve access to semiconductor markets across the Asia-Pacific region.

The Singapore site becomes part of Polymatech’s global manufacturing network, which includes operations in France, India, Estonia and the United States.End of article content 

Nano Dimension Nears End of Strategic Review, Teases Next Move

WALTHAM, MA – Nano Dimension said it is nearing a decision on its long-term strategic direction after completing major restructuring efforts, divesting businesses and reducing operating expenses as part of a three-phase plan aimed at maximizing shareholder value.

In a letter to shareholders, CEO David Stehlin said the company has made significant progress since launching a strategic review in September 2025. The review was designed to streamline operations, reduce cash burn, monetize product lines and identify the most compelling path forward for the business.

Nano reported that standalone operating expenses declined approximately 22% year-over-year in the first quarter, while operating cash burn has fallen each quarter since the third quarter of 2025. The company also completed the sale of its AME and Fabrica product lines and announced the $42.5 million all-cash sale of MarkForged to Stratasys.

According to Stehlin, the board and management team have narrowed their review to a small number of strategic alternatives focused on higher-growth opportunities.End of article content 

Interflex Invests $18M to Expand Vietnam PCB Manufacturing

SEOUL – Interflex will invest approximately $18 million in its Vietnamese subsidiary, Korea Circuit Vina, as part of an ongoing effort to expand printed circuit board manufacturing capacity in Vietnam.

The investment will increase South Korea-based Interflex’s ownership stake in Korea Circuit Vina from 83.5% to 89.3%. Located in Vinh Phuc province, the facility serves as a PCB manufacturing base supporting the Korea Circuit Group’s regional production strategy.

Interflex, a major supplier of flexible printed circuit boards, operates manufacturing facilities in South Korea, China and Vietnam. The company said the latest investment is intended to strengthen overseas manufacturing operations and enhance competitiveness in global electronics markets.End of article content 

Somacis Completes Acquisition of ACB Group

MILAN, ITALY – Somacis in late June completed its acquisition of France- and Belgium-based PCB manufacturer ACB Group, expanding its European manufacturing footprint and strengthening its position in the high-reliability printed circuit board market.

The transaction, first announced in February, includes ACB’s production facilities at Atlantec in Malville, France; Cibel in Bellême, France; and ACB NV in Dendermonde, Belgium. Financial terms of the deal were not disclosed.

The acquisition expands Somacis’ manufacturing, research and development, and customer support capabilities across Europe, complementing its existing operations in Italy, the United Kingdom and Switzerland. The company said the combined organization will be better positioned to serve customers requiring high-technology, high-reliability PCBs in demanding applications.

“It is an important milestone for Somacis,” said Giovanni Tridenti, CEO of Somacis Group. “ACB’s expertise complements that of Somacis and will enable us to broaden the range of solutions offered to customers worldwide.”End of article content 

NCAB Acquires Board Shark to Expand US PCB Presence

SUNDBYBERG, SWEDEN – NCAB has acquired 100% of Florida-based Board Shark, expanding its US printed circuit board presence through a deal valued at up to $26 million.

The acquisition includes an upfront purchase price of $15 million, with an additional earn-out of up to $11 million tied to Board Shark’s financial performance over the next 24 months.

Founded in 2016 by Carl and Rachelle Moehring, Board Shark specializes in PCB solutions for customers in the aerospace, industrial and medical sectors, with a particular strength in quickturn deliveries. The company employs five people and maintains a network of regional sales representatives, giving it a strong presence in the western United States.

NCAB said the acquisition is expected to contribute positively to earnings in 2026, with anticipated synergies in supplier relationships, logistics, payment terms and cross-selling opportunities, including prototyping services.

“Board Shark’s development over the past few years has been impressive,” said Peter Kruk, CEO of NCAB Group. “Its business model is closely aligned with that of NCAB, and Board Shark holds a solid market position on the US West Coast with promising opportunities for further growth.”End of article content