© ljupco-smokovski-dreamstime.com Electronics Production | December 13, 2013
Sparton Acquires Beckwood Services
Sparton Corporation's wholly owned subsidiary, Sparton Beckwood, has entered into a definitive purchase agreement to acquire Beckwood Services, Inc.
Beckwood Services is engaged in the contract services business of manufacturing electronic or electro-mechanical controls and electronic assemblies. "The addition of Beckwood Services meets aspects of our growth strategy by providing Sparton’s entrance into the Northeast geographic market as well as adding industrial control capabilities that further enhances our offerings within the electromechanical value stream,” stated Cary B. Wood, president and chief executive officer of Sparton. “As Sparton continues to implement its strategic growth plan, we plan to achieve our growth expectations by focusing on new business development, internal product research and development, and complementary and compatible acquisitions. We are pleased to have Beckwood Services join the Sparton family and expect it to be accretive to earnings within the first 12 months.”