Cover Story: From Sharpe’s Mind Comes a New Isola
With a new owner, CEO and technology center, the worlds 3rd largest laminate maker is at last ‘Leaning’ forward. A PCD&M exclusive.
by MIKE BUETOW
Isola is coming off perhaps the most turbulent year in the company’s storied history. After months of speculation over its future including a very public announcement of its availability by then owner Rutgers Isola was purchased in July by Texas Pacific Group, a large equity concern. With TPG at the helm (a minority stake was bought by Redfern Partners), Isola boasts ownership with a solid track record in building electronics industry businesses, with ON Semiconductor, MEMC Electronic Materials and Seagate among its successes. Now TPG tries its hand with the world’s third largest supplier of laminates for printed circuit boards (behind Matsushita and Nanya).
While in business TPG has been known to take risks, when it comes to hiring, the firm looks for known quantities. TPG is betting the future of Isola on Ray Sharpe, the former head of Cookson Electronics Materials, one of the world’s largest suppliers to the electronics industry and the parent of Polyclad Technologies, a major laminates player in its own right.
09 December 2004