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CMC Magnetics of Taiwan Acquired Verbatim From Mitsubishi Media

A deal have been made that is worth US$32million (Php1.6billion) that Taiwan’s CMC Magnetics Corporation which is known for its blank optical disks have acquired storage solution provider Verbatim from Mitsubishi Chemical Media.

CMC Magnetic acquired Verbatim’s four subsidiaries that are based in United States, Australia, Hong Kong and one in Europe together with Verbatim’s patents, technologies, trademark and retail channels.

Verbatim is globally known for its flash memory products, hard disks, blank optical disks and electronic peripherals which has manufacturing operations in the last 50 years. The deal will be finalized and disclosed by the end of 2019.

CMC and Verbatim has been a long time partner for manufacturing since 1998 before the current acquisition. CMC current revenue slips by 6.08% year on year basis.


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