Principal Mineral Buys Isola Group, Raises $280 Million for US Circuit Board Supply Chain
Updated
Updated · Bloomberg · Jun 16
Principal Mineral Buys Isola Group, Raises $280 Million for US Circuit Board Supply Chain
1 articles · Updated · Bloomberg · Jun 16
Summary
Principal Mineral acquired Isola Group, a Cerberus-backed maker of printed-circuit-board components, while separately securing about $280 million in fresh funding to expand its operations.
The Dallas-based company is using the deal and new capital to build a US-based supply chain for circuit boards, a critical input for products ranging from cars and aircraft to AI servers.
Financial terms for the Isola acquisition were not disclosed, but the funding round was led by Overmatch Ventures and The New Industrial Corp.
The move deepens a domestic manufacturing push around electronics components that underpin industrial, transportation and data-center hardware.