Vishay acquires Barry Industries for $21 million

Vishay announced on December 15, 2021 that it had signed a definitive purchase agreement to acquire Barry Industries for $21 million.

Headquartered in Massachusetts, Barry is a leading global vertically integrated manufacturer of semiconductor packaging and resistive components, including terminations, resistors and attenuators. Barry is an ISO9001 certified, ITAR registered company and an approved supplier to leading manufacturers of military, commercial, aerospace, medical and fiber optic equipment.

"As a reliable and stable source of cash, Vishay has the resources to fund acquisitions while continuing to invest in organic capital expenditure growth projects and distribute capital to shareholders," said Marc Zandman, Vishay executive chairman and chief business development officer. "The acquisition of Barry is another step in our strategy to expand our product portfolio and strengthen our competitive position."

"Barry expands Vishay's high-frequency and high-power resistor technology," said Dr. Gerald Paul, Vishay president and CEO. "Barry has proven expertise in power and thermal management and a very capable team of design engineers. With this acquisition, we are expanding our opportunities to address growing communications applications in the telecom infrastructure, military, and automotive markets. We look forward to a seamless integration of Barry into our resistor business unit."