News
SAN BERNARDINO, CA -- The long-awaited deal for Photocircuits, the Glen Cove, NY, manufacturer of printed circuit boards, was made official Friday with the sale of the company business to a newly formed subsidiary of American Pacific Financial Corp.
AMPAC, a private equity group, purchased the company at auction. No financial details were provided in the announcement, although previous reports indicated the purchase price was around $43 million.
AMPAC, a private equity group, purchased the company at auction. No financial details were provided in the announcement, although previous reports indicated the purchase price was around $43 million.
NORCROSS, GA -- Assembléon, the supplier of placement machines, named Leo van de Vall president and chief executive of Assembléon Americas Inc. He replaces Michael Buscher, who founded the American branch several years ago.
The move is effective today. He is based in the company's office outside Atlanta.
The move is effective today. He is based in the company's office outside Atlanta.
HIALEAH, FL -- Electronics contract manufacturer Simclar Inc. reported 2005 revenue of $61.2 million, up 14% from 2004. The net income was $1.3 million, compared to $2.3 million in 2004.
Much of the revenue gain -- 55% -- came via acquisitions; year-on-year sales of preexisting business units rose 6.5%.
Much of the revenue gain -- 55% -- came via acquisitions; year-on-year sales of preexisting business units rose 6.5%.
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