Plextor Corp. has announced that it is going through a corporate reorganzation. They've merged with the Shinano Kenshi Corporation, forming a new identity, Plextor LLC.
Plextor Corp., a leading developer and manufacturer of high-performance digital media equipment, today announced that the corporate identity of Plextor Corporation will cease to exist effective August 31, 2006. On September 1, 2006, a new corporate identity will be created - Plextor LLC, a partner and merged entity of Shinano Kenshi Corporation (SKC-U.S.). SKC is one of the world's largest electronic motor manufacturers.

Plextor LLC will continue to operate under its current structure and business strategies, and the company will remain located in Fremont, California. In essence, Plextor will remain fully autonomous and separate from SKCs Los Angeles-based organization.
If you'd like to read more, Plextor's entire press release can be found here.