Carrier Tape for Electronic Components in Semiconductor Manufacturing
Advantek manufactures carrier tape and reels for the semiconductor industry. The company uses five manufacturing facilities on three continents to provide products which help semiconductor device manufacturers and circuit board assemblers deliver components to their manufacturing processes at high speeds with minimal waste.
Tinicum established its investment in the company by acquiring a controlling interest in the parent company of Advantek, Robert Family Holdings, LLC, in January 2021. Following the acquisition, Robert Family Holdings, LLC was renamed TSL Engineered Products, LLC. In July 2022, TSL sold a majority interest in Advantek to Cornell Capital and retained a minority stake.
Date of Investment:January 2021