Official press release
CSI of Italy Acquires Majority Stake in Mitsui Advanced Media, Inc.
Colorado Springs, CO – June 16, 2003
Mitsui Chemicals, Inc. has made a strategic decision to partially withdraw from the CD-R and DVD-R manufacturing arena. Computer Support Italcard s.r.l. (CSI) of Italy, has agreed to acquire the majority stake in Mitsui Advanced Media, Inc..
CSI of Milan Italy, is a leader in the production of CD-R, DVD-R, micro floppy disc, paper products, CD-Rom and CD-Audio. CSI was created in 1997 through a fusion between two companies, Computer Support Italy and Italcard. Italcard was a market leader in the production of listing forms for printers, born in 1975. CSI operates a 150,000 sq. ft. facility at Milan, Italy. Last summer CSI also acquired majority control of Mitsui Advanced Media, SA in France, now Manufacturing Advanced Media Europe, SA (MAM-E). Since then, CSI has installed DVD-R and additional CD-R capacity in the MAM-E facility. With the acquisitions of MAM-E and Mitsui Advanced Media, Inc., CSI will command approximately $130 million in annual sales.
Mitsui Advanced Media, Inc. will change it's name to MAM-A Inc.. MAM-A will still be able to draw on the resources of CSI and Mitsui Chemicals to better serve the customer base. The new alliance between CSI and MAM-A will also enable the company to offer new products in the near future.
For Further Information Contact:
10045 Federal Drive
Colorado Springs, CO 80908