News
DENVER – EMS provider Advanced Assembly has completed a
major capacity expansion, doubling
the company’s factory and office space.
The company said the expansion would permit additional automation equipment. Furthermore, the company, whose staff grew 51% in 2008 to 50 employees, expects to hire additional workers now that the expansion is complete.
The company now has over 10,000 sq. ft. of manufacturing space and four SMT lines.
The company said the expansion would permit additional automation equipment. Furthermore, the company, whose staff grew 51% in 2008 to 50 employees, expects to hire additional workers now that the expansion is complete.
The company now has over 10,000 sq. ft. of manufacturing space and four SMT lines.
GURNEE IL – H.I.G. Chemicals Holdings Corp. has acquired Petroferm Inc. Terms of the transaction were not disclosed.
Petroferm, specialty chemical manufacturer and formulator, had been privately held.
The acquisition by the private equity firm includes Petroferm’s operations in Gurnee, IL and Fernandina Beach, FL. The Joseph Storey (UK) division will be spun off to Petroferm shareholders.
H.I.G. acquired the North American oleochemical business Uniqema Americas earlier this year. The firm plans to maintain the two as distinct operating subsidiaries. The two businesses will have combined sales in excess of $300 million, the firm says.
Petroferm, specialty chemical manufacturer and formulator, had been privately held.
The acquisition by the private equity firm includes Petroferm’s operations in Gurnee, IL and Fernandina Beach, FL. The Joseph Storey (UK) division will be spun off to Petroferm shareholders.
H.I.G. acquired the North American oleochemical business Uniqema Americas earlier this year. The firm plans to maintain the two as distinct operating subsidiaries. The two businesses will have combined sales in excess of $300 million, the firm says.
SIEVI, FINLAND – Scanfil reported third quarter sales fell 5% year-over-year to $70 million and operating profits dropped 7% to $6.5 million.
Year-to-date revenues totaled $205 million, down 3% from 2007. Operating profits rose 26.7% to $20.8 million. Net profits were up 25% to $16.8 million.
Press Releases
- Aegis Software Expands its Presence in France and Partners with STPGroup
- Altus Adds Breakthrough Automated Inline Laser Depaneling System to its Line-Up
- Fuji America Promotes Chris Dayney to Technical Marketing Manager, Expanding Focus on Premium Technical Content
- BTU International Announces Strategic Manufacturing Expansion in Singapore to Strengthen Global Supply Chain