A business that used to be one of Eau Claire's largest employers officially has new owners tonight.
TDK Corporation announced today that it has completed its acquisition of one of its competitors, Hutchinson Technology. The deal is valued at more than $250,000,000.
At one time the Eau Claire plant employed 2400 people, but as of last November, 450 people worked there. At that time an HTI spokesman said the merger could lead to an increase in production at the Eau Claire facility.
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