NEW BEDFORD, MA – The Nery Corporation and Kevin A. Nery, CBB. CBI, M&AMI, President represented Paratronix, Inc., on their successful sale to MicroChem Corp (MCC), a wholly owned subsidiary of Nippon Kayaku Co., Ltd of Japan. The sale price was undisclosed.
Paratronix, Inc. was established in 1981 and has a long history of profitability. Based in Attleboro, MA and employing 21, the company is a leading supplier of Parylene conformal coating services and also a manufacturer of Parylene coating manufacturing equipment.
MicroChem, established in 1992, develops, manufactures and distributes specialty chemicals including photoresists, optical dyes and ancillary materials that enable innovation in the MEMS, Microelectronic, Display and Optoelectronic markets. The company is headquartered in Westborough, MA and employs 65.
The acquisition was part of MicroChem’s strategic growth plan to pursue the acquisition of business and technology opportunities that provide a synergistic fit to its core business activities. This acquisition allows MicroChem to leverage its existing plant and warehouse capability by moving Paratronix to MCC’s Westborough, MA facility over time.