History (1988): Kao Acquired Sentinel for $11 Million

Kao Corp. (Tokyo, Japan) paid $11 million to acquire Sentinel Technologies, a US manufacturer of FDs.

Kao will spend $29 million to build a new FD factory in Plymouth (MA), which will produce 3 million 3.5-inch floppy disks a month when completed next spring.

Sentinel, the third foreign firm acquired by Kao, employs 200 people and produces 5.25-inch diskettes.

Its annual sales amount to $30 million.

This article is an abstract of news published on the former paper version of Computer Data Storage Newsletter on issue ≠6, volume ≠1, published on July 1988.