Illinois Capacitor acquired by Cornell Dubilier
Illinois Capacitor, and its affiliates have been acquired by Cornell Dubilier, This acquisition brings together two of the leading manufacturers of capacitors for the electronics marketplace. For the foreseeable future, Illinois Capacitor will operate as a separate subsidiary of Cornell Dubilier, and will continue to be headquartered in suburban Chicago. Its Asian headquarters will remain in Hong Kong.
The two companies have mostly complementary product lines, with some areas of overlap. Illinois Capacitor and its customers will benefit by an expansion of product sales and distribution resources, as well as enhanced engineering and manufacturing capabilities. Cornell Dubilier will gain product breadth with Illinois Capacitor’s extensive board-level product lines, which include aluminum electrolytic, polymer, film and EDLC (super) capacitors and modules.
Illinois Capacitor President Basil Jacobson said, “We are thrilled to be joining the Cornell Dubilier team. Both companies will be exceptionally well positioned to expand sales through broadening product offerings and sales outlets. At this time, Cornell Dubilier has very strong product distribution in the US, with IC having extensive capabilities in Asia.” Jacobson continued, “In addition, the product line expansion will create opportunities for both brands.”
Both companies are privately held and both have grown up with the electronics industry. Illinois Capacitor traces its history back over 80 years, with Cornell Dubilier’s roots extending over 100 years. There are also many shared values among the two organizations, with very high emphasis on product quality, customer service and delivery. Cornell Dubilier has facilities in New Bedford, MA; Liberty, SC; Mexicali, Mexico and Shanghai, China.
