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PLANAR BUYS LIQUID CRYSTAL OUTFIT STANDISH

Planar Systems Inc, the Beaverton Oregon flat-panel display maker is to buy Standish Industries, a small privately owned manufacturer of liquid crystal displays based in Wisconsin. Planar provides displays for a number of specialist applications in areas like defense and medical equipment, and will use its sales teams to start shifting Standish’s low-cost, low-power displays. The deal is to be completed by the end of September but financial terms have not been disclosed, although Planer has forecast a substantial write-off of in-process research and development associated with the acquisition in the fourth quarter.

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