Media Industry
Industry: Email Alert RSS FeedRitek in merger/acquisition talks; will make DVD-R discs in U.S. (Industry News).(Brief Article)
Tape-Disc Business, April, 2002
Taiwan-based Ritek Global Media, one of the world's largest optical disc manufacturers, confirmed to I TDB that the company is in "proactive" discussions with several other replicators regarding potential mergers or acquisitions. Frank LoVerme, Ritek's executive VP for business development -- and one of 25 former WAMO executives and technologists recruited by the Taiwanese disc giant when it established a beachhead in the U.S. nearly three years ago -- told TDB that the recent announcement of a tentative agreement by Thomson-owned Technicolor to acquire Panasonic Disc Services had greatly accelerated what LoVerme characterized as previously low-key discussions.
LoVerme would not disclose who the contenders are. However, ongoing consolidation has left only a...
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