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Two recent announcements played on the sensitive nerve of employment uncertainty in the Los Alamos community. One was about the acquisition of IMTEC a rapidly growing manufacturing company that got its start in Los Alamos as HYTEC and employs a few dozen people locally.
The other was about a decision to end a primary support services subcontract involving 876 employees at Los Alamos National Laboratory.
HYTEC to IMTEC to 3M
Minnesota-based industrial giant, 3M Corp. announced the acquisition of IMTEC (formerly HYTEC) Thursday. While the implications of the buy-out were not clear at first, IMTEC President Tim Thompson said Friday that the sale was all good news.
“It’s a normal reaction for people to worry about their job, about whether IMTEC will be in the community and will we be able to thrive,” Thompson said in a telephone interview from company headquarters in Ardmore, Okla. “We negotiated hard to keep doing what we’ve been doing.”
Thompson, who founded the the custom engineering firm HYTEC in 1995, is now the CEO and president of IMTEC, a dental products manufacturer. HYTEC merged with IMTEC in February 2007. With the acquisition by 3M, Thompson will become the general manager of the 3M IMTEC Division
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