News
PARIS – Asteel continued its buying spree, today announcing the acquisition of MRP Electronics PLC, a UK-based EMS company. Financial and other terms were not announced.
MRP had reported 2007 sales of 12 million pounds, according to published accounts. It operates a 30,000 sq. ft. plant in Bedford, UK.
As previously reported by Circuits Assembly, Asteel's planned acquisition of Flash Electronics creates a $750 million EMS firm with 18 manufacturing sites and more than one million sq. ft. of factory space worldwide, plus a subsidiary in Romania.
Asteel is privately held and headquartered in Paris.
“This acquisition could not have come at a better time as some of our larger customers were considering taking their high volume work to the Far East,” MRP managing director Mike Perry said in published reports. “Now they can keep their MRP contacts – even for high volume production.”
MALVERN, PA – Vishay Intertechnology’s fourth-quarter profits fell 81% year-over-year on one-time costs; the company earned $4.9 million.
Revenue rose to $729.6 million for the quarter, up nearly 13% year-over-year.
The company reported restructuring and severance costs of $40.2 million.
For the year, profits fell 6.4% to $130.7 million year-over-year. Revenue rose to $2.83 billion, up 8.8% compared to 2006.
Revenue rose to $729.6 million for the quarter, up nearly 13% year-over-year.
The company reported restructuring and severance costs of $40.2 million.
For the year, profits fell 6.4% to $130.7 million year-over-year. Revenue rose to $2.83 billion, up 8.8% compared to 2006.
JASPER, IN – Kimball International today reported net sales of $347.8 million and income from continuing operations of $4.2 million for its fiscal 2008 second quarter.
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