Ad
Ad
Ad
Ad
Ad
© 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.”

Comments

Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Ad
Ad
Ad
Ad
Load more news
May 11 2018 10:46 am V9.5.4-1