| Concord, New Hampshire – January 21, 2002 – Aavid Thermalloy, LLC, the leading provider of heat sinks and thermal management solutions – today announced the sale of its aluminum extrusion facility in Franklin,
New Hampshire to Vitex Corporation, at an undisclosed price effective January 1, 2002.
Vitex extended employment offers to all active Aavid Extrusion employees.
According to Aavid President and CEO Bart Patel, “This allows Vitex and Aavid to focus on their core competencies.
Aavid will also continue as a customer of Vitex, and will look to Vitex for world class on-time delivery and cycle times, as well as stocking programs for popular shapes,” Patel concluded.
Vitex Vice President Russ Towers said, “We’re excited by this opportunity. We believe our extrusion engineering expertise will enhance Aavid’s extended product offerings in quality, time and price.
We hope that Aavid will remain one of our major customers. It is a great opportunity for Vitex,” Towers concluded.
About Aavid Thermalloy, LLC
About Aavid Thermalloy: Aavid Thermalloy, LLC is a subsidiary of Aavid Thermal Technologies, Inc. and is the world’s leading provider of thermal technologies for removing damaging heat from digital and power electronics.
The principal industries Aavid serves include: computers, transportation, telecommunications, power supplies and uninterrupted power supplies, motor controls and power conversion. Aavid services diversified markets in North America, Europe and the Far East.
Additional information on Aavid Thermalloy is available on the World Wide Web at http://www.aavidthermalloy.com.
About Vitex:
Vitex is an extrusion company providing structural extrusions for the construction, recreation, and military industries.
Additional information on Vitex is available on the World Wide Web at http://www.vitexcorp.com.
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