Aug. 6, 2002 – Aurora, IL – Cabot Microelectronics Corp. and Metron Technology have modified their distribution agreement.
Under the revised agreement, Cabot will assume direct distribution of its products in Europe, Singapore, and Malaysia effective as of June 1, 2003, while Metron will continue to distribute Cabot products in Israel.
“We have had a long and successful relationship with Metron Technology,” said Matthew Neville, president and CEO of Cabot. “For strategic reasons, we have decided to distribute our products directly in Europe, Singapore, and Malaysia. This strategy, which we have developed over time, will allow us to further strengthen our solid relationships with our customers and bring directly to them the full capabilities of our organization. We will be working with Metron over a 10-month period to position our organization to provide seamless transition and support to our customers while continuing our business relationship with Metron in support of our customers in Israel.”
“We value our relationship with Cabot Microelectronics and will work closely with the company to ensure customer satisfaction during this transition,” said Ed Segal, chairman and CEO of Metron Technology.