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WD Divests Drive Unit To Toshiba

5/15/2012 01:41:46 PM Eastern
Irvine, Calif. - Western Digital announced today it has completed the divesture of its 3.5-inch HDD assets to Toshiba.

With this acquisition Toshiba will be able to construct 3.5-inch drives for first time.

In addition, Western Digital finalized the purchase of Toshiba Storage Device (Thailand). This facility manufactured storage devices prior to the massive flooding late last fall that shut down most of Thailand manufacturing capacity. Western Digital said it will integrate the former Toshiba site's into its Thai-based operations.

The divestiture was required by regulatory agencies which are allowing Western Digital acquire Hitachi Global Storage. The financial terms for the two deals were not released.
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