BILLERICA, MA — January 31, 2014 — MRSI Systems, a developer and manufacturer of turnkey chip placement and dispensing systems, announced today it has completed a leveraged buyout of assets from parent company Newport Corporation (Nasdaq: NEWP). MRSI was originally founded in 1984 with the goal of being a world leader in precision automation systems. It was purchased by Newport in 2002. Over the years, we have remained focused on providing our world-wide customers with the highest quality turn-key die bonding and dispense systems and related services.
“As a stand-alone company, we’ll be in a much better position to project ourselves in our core markets,” said Michael Chalsen, president of MRSI Systems. The MRSI management team has on average more than 25 years of experience in the organization. Chalsen continued, “By keeping the operations local, we will continue shipping systems to all parts of the world, manufactured from right here in Massachusetts.” MRSI anticipates more growth over the coming years from emerging markets within the advanced packaging markets.
According to Chalsen, there will be no changes to MRSI’s location, day-to-day operations or management, as a result of this transaction. The existing, long-term MRSI management team and employee base remain committed to continuing to serve the needs of their customers, with renewed energy and focus on expanding the capabilities of MRSI’s products and services. There will not be any changes to customers’ contact points including support or service.
About MRSI Systems
MRSI was founded in Massachusetts in 1984 with the goal of providing automated solutions for dispense and assembly of microelectronic devices. The company is primarily focused on servicing the hybrid microelectronics industry through the design and manufacturing of precision die bonding and dispensing equipment including fully automated, ultra-high precision die attach and epoxy dispensing tools used for the fabrication of complex micro-assemblies in a variety of end markets, such as Telecom/Datacom, Aerospace & Defense, Health and Life Sciences and Industrial. Headquartered in Billerica, Mass., MRSI maintains a global network of direct service and support professionals located in the Netherlands, China, Singapore, Korea, the Philippines and the United States. Visit www.mrsisystems.com.