/ April 4, 2000
Babcock Display Group, the Flat Panel Display manufacturing
group of Babcock Inc. has completed its acquisition of the manufacturing equipment, manufacturing and marketing
rights of the dc Plasma Display line of Cherry Electrical Products Division of The Cherry Corporation, a manufacturer
of displays, switches, keyboards, electronic controls and semiconductors, of Waukegan, Illinois.
In announcing the acquisition both companies confirmed that the strategic benefit of the action would enable each
Company to intensify and focus on their core technologies and business. The Agreement provides for Babcocks' exclusive
supply of displays to Cherry in support of a specific long term contract of Cherry's and additionally entitles
Babcock of manufacturing and marketing rights for Cherry's line of dc Plasma displays direct to third party customers
Babcock Inc. is a privately held three division Corporation which operates from its 135,000 square foot manufacturing
facility located in La Mirada, California. Babcocks' manufacturing groups are structured by product focus in
Flat Panel Displays; Power Supplies and Conversions; Relays and switching. Various marketing segments are served
such as industrial, aerospace, military, gaming, and deep space (satellite).
For further information contact Eric Bagdasarian
at Babcock Inc.