8-K

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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15 (d) of
                       The Securities Exchange Act of 1934

        Date of Report (date of earliest event reported): April 19, 2006

                                KEMET Corporation
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             (Exact name of registrant as specified in its charter)

    Delaware                     0-20289                     57-0923789
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 (State or other         (Commission File Number)           (IRS Employer
   jurisdiction)                                         Identification No.)

          2835 KEMET Way, Simpsonville, SC                      29681
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      (Address of principal executive offices)                (Zip Code)

        Registrants telephone number, including area code: (864) 963-6300

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ]  Written communications pursuant to Rule 425 under the Securities
     Act (17 CRS 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange
     Act (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13a-4c))

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ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS

On April 13, 2006, pursuant to the terms of an Asset and Share Purchase
Agreement and an Asset Purchase Agreement between KEMET Corporation and certain
of its subsidiaries (the "Company") and EPCOS AG, a German corporation
("EPCOS"), the Company completed the purchase of the Tantalum Business Unit of
EPCOS. Of the total purchase price of EUR 86.5 million, EUR 78.5 million
(approximately $93.5 million) was related to the purchase of all of the issued
share capital of EPCOS-Pecas e Componentes Electronicos S.A. and certain other
assets of the Tantalum Business Unit of EPCOS. Of the EUR 78.5 million, KEMET
paid in cash approximately EUR 68.3 million (approximately $81.3 million) and
assumed certain liabilities and working capital adjustments of EUR 10.2 million.
As previously announced, the acquisition does not include EPCOS' tantalum
capacitor manufacturing facility in Heidenheim, Germany. As a result, KEMET and
EPCOS have entered into a manufacturing and supply agreement under which EPCOS
will continue to produce product exclusively for KEMET at the Heidenheim
facility to ensure a continued supply of product to customers during the
transition period. Once the transition is completed in September 2006, KEMET
will purchase the Heidenheim manufacturing assets at a cost of EUR 8.0 million.

The purchase price was determined through arms-length negotiations between
representatives of the Company and EPCOS. The transaction will be accounted for
as a purchase.

EPCOS is a manufacturer of passive electronic components headquartered in
Munich, Germany. In their fiscal year ending September 30, 2005, EPCOS posted
sales of approximately EUR 1.24 billion. EPCOS offers a comprehensive portfolio
of about 40,000 different products. EPCOS has design, manufacturing and
marketing facilities in Europe, the Americas and Asia. Prior to the closing of
the acquisition, there was no material relationship between the Company and
EPCOS or any of their respective affiliates, directors or officers, or any
associates of any such directors or officers.

The agreements as noted above will be submitted no later than April 20, 2006.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

     (a)  Financial Statements of Business Acquired.

     In accordance with Item 9.01(a) of Form 8-K, the required financial
     statements will be filed by amendment under cover of Form 8-K/A no later
     than 71 days after April 19, 2006.

     (b)  Pro Forma Financial Information.

     In accordance with Item 9.01(b) of Form 8-K, such pro forma financial
     information will be filed by amendment under cover of Form 8-K/A no later
     than 71 days after April 19, 2006.

(d)  Exhibits.

     The following documents related to the purchase of the Tantalum Business
     Unit of EPCOS are being filed as exhibits to this Form 8-K:

     99.1       News Release issued by the Company on April 13, 2006.

                                        2


                                    Signature

Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

Date: April 19, 2006
                                                     KEMET Corporation

                                                     /s/ D. E. Gable
                                                     ---------------------------
                                                     David E. Gable
                                                     Senior Vice President and
                                                     Chief Financial Officer

                                        3

EX-99.1

                                                                    Exhibit 99.1

              KEMET ANNOUNCES CLOSING OF TRANSACTION WITH EPCOS AG

GREENVILLE, S.C., April 13 /PRNewswire-FirstCall/ -- KEMET Corporation (NYSE:
KEM) today announced that it has completed its acquisition of EPCOS AG's
Tantalum Business Unit for euro 86.5 million (approximately $103.0 million). The
acquisition includes the EPCOS AG tantalum capacitor manufacturing operation in
Evora, Portugal, as well as certain research and development, marketing, and
sales functions in various locations, primarily within Europe.

"Acquiring the EPCOS Tantalum Business Unit is strategic for KEMET as we further
strengthen our global leadership position in the tantalum capacitor market,"
stated KEMET CEO Per Loof. "The acquisition will provide greater growth
opportunities in our core business as we expand our presence and access to key
markets and customers.

"From the time we announced the acquisition last December, people have been
diligently planning for a successful integration to turn the unprofitable
business unit under EPCOS into a profitable and accretive operation under KEMET.
Now that the closing is complete, we will move quickly to capitalize on the
synergies, while continuing to provide world-class products and services to our
new and existing customers.

"We are also gaining a lot of fine talent and expertise as part of this
acquisition. I believe our new employees are genuinely excited about joining our
company, and we are delighted to welcome them to the KEMET team."

As previously announced, the deal does not include EPCOS's tantalum capacitor
manufacturing facility in Heidenheim, Germany. As a result, KEMET and EPCOS
entered into a manufacturing and supply agreement under which EPCOS will
continue to produce product exclusively for KEMET at the Heidenheim facility to
ensure a continued supply of product to customers during the transition period.
Once the transition is completed in September 2006, KEMET will purchase the
Heidenheim manufacturing assets.

Of the total purchase price of euro 86.5 million, euro 78.5 million
(approximately $93.5 million) is related to today's closing and the remaining
euro 8.0 million will be paid when the manufacturing and supply agreement
expires in September 2006. Of the euro 78.5 million, KEMET will pay in cash
approximately euro 68.3 million (approximately $81.3 million) and assume certain
liabilities and working capital adjustments of euro 10.2 million.

KEMET will provide additional information and an update on the integration
during its May 4, 2006, earnings conference call at 9:00 a.m. ET. Additional
information about the conference call is available at the Investor Relations
portion of KEMET's web site at www.kemet.com/ir .

KEMET Corporation provides industry-leading, high-performance electronic
component solutions, including the world's most complete line of surface-mount
capacitor technologies across tantalum, ceramic, and solid aluminum dielectrics,
provided with the world's best quality, delivery and service. KEMET's common
stock is listed on the New York Stock Exchange under the symbol KEM.

     Contact:  David E. Gable
               Senior Vice President and Chief Financial Officer
               davidgable@KEMET.com
               864-963-6484

SOURCE  KEMET Corporation
    -0-                             04/13/2006
    /CONTACT: David E. Gable, Senior Vice President and Chief Financial
Officer of KEMET Corporation, +1-864-963-6484, or davidgable@KEMET.com /
    /Web site:  http://www.kemet.com
                http://www.kemet.com/ir /