Asat up for sale

Asat up for sale
Alex Mayhew-Smith Asat, the semiconductor assembly and test facility, is up for sale. The Crumlin, south Wales-based firm went into administration earlier this year and at the time, administrators Price Waterhouse Coopers said it hoped to secure the site through financial reorganisation. Advertising the site has resulted in 18 responses, said Derek Howell, a joint administrator handling Asat for Price Waterhouse Coopers. ‘Although it is too early to assess the likelihood of a sale, we are confident, at this stage, that it will be achieved,’ said Howell. Jeff Baloun, Asat’s general manager, stressed that the company continues to have the support of its customers, whom are looking to continue a long-term business relationship with the facility.


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