EMTEC

Infobox_Company
company_name = EMTEC
company_
company_type = Subsidiary of The Dexxon Group
foundation = 1996 as BASF Magnetics
location = Gennevilliers, France
industry =
products = Data storage media and other computer products
revenue =
num_employees = 150 (2004)
homepage = [http://www.emtec-international.com/ www.emtec-international.com]

EMTEC is a French company that markets magnetic media products and other computer related consumables with headquarters in Gennevilliers, France. As a company, EMTEC has undergone several transformations.

Timeline

* 1991 - The German chemical company BASF acquired Agfa-Gevaert creating BASF Magnetics.
* 1996 - BASF Magnetics was spun-off of BASF into an independent company, but still 100% owned by BASF.
* 1997 - The company changed its name to EMTEC Magnetics after being sold to KOHAP, Ltd., a Korean textile firm with expertise in PET, the base film used for magnetic tape.
* 1999 - EMTEC is a Compliance-Verified licensed manufacturer of LTO technology media products.
* 2002 - Due to Asian financial crisis, KOHAP sold EMTEC to "Legal & General Ventures Ltd." (LGV), an English holding company.
* 2003, January - EMTEC Magnetics GmbH (a subdivision) files for bankruptcy protection in Germany.
* 2003, October - Imation completed its acquisition of certain "data storage" assests (including patents and licenses) of "EMTEC Magnetics GmbH" for approximately USD$15M. [http://ir.imation.com/phoenix.zhtml?c=73967&p=irol-newsArticle&ID=567071&highlight=]
* 2004 - MPO France, formerly known as "Moulages Plastiques de l’Ouest" (not to be confused with "Magnetic Products Oosterhout") acquired certain assets of "EMTEC Consumer Media GmbH". This included rights to use the trade name EMTEC. [http://www.mmislueck.com/Archives/SpecialNews030504.htm]
* 2004 - Specialized equipment from EMTEC's Willstätt and Munich plants is liquidated at auction. Some "analog audio tape" production equipment was acquired by RMGI who now makes EMTEC branded audio tape.
* 2006, May - EMTEC was acquired by The Dexxon Group, a French computer products distribution company.

Subsidiaries

* Pyral - Based in Avranches France, formerly of the chemical group Rhône-Poulenc, made independent in 2004.
* EMTEC Magnetics GmbH - Based in Ludwigshafen am Rhein, Germany and included major coating and converting plants in Willstaett and Munich, Germany, now "defunct".
* EMTEC Consumer Media GmbH - Based in Ludwigshafen, but included many French assets. This included a cassette fabrication and loading facility in Obenheim. Made independent in Nov. 2002.
* EMTEC DataStoreMedia, Inc. - American distribution division.
* EMTEC da Amazônia - Based in Manaus, Brazil, packaging plant.

External links

* [http://www.emtec-international.com/ EMTEC International]
* [http://www.rpsdata.com/ RPS division website]
* [http://www.digitalstorage.com American division of Dexxon]
* [http://mmislueck.com/EmtecSpecialReport.htm Information on the 2004 liquidation auction]