News
NORTH BILLERICA, MA – BTU International Inc. reported second-quarter net sales of $18 million, up 4.9% sequentially, and up 66.8% year-over-year.
OXFORD, CT – Mirtec Corp. reported sales revenue for its North American sales and service division grew more than 66% for the first six months of fiscal 2010 compared to the same period in 2009.
President Brian D’Amico attributes this growth to the firm’s MV-7 In-line AOI product series.
Mirtec products have been successful in high-volume markets, including cellphone and MP3 player manufacturing, as well as low-volume, high-mix markets such as medical, automotive, aerospace and defense.
NEWARK, NY – EMS firm IEC Electronics Corp. has acquired all assets of Celmet Corp. in a cash transaction worth approximately $2 million.
A manufacturer of metal chassis and assemblies, Celmet had revenue of just over $3.6 million in 2009.
“IEC outsources millions of dollars of chassis assemblies annually. Celmet is a successful, well managed small business, serving customers similar to those of IEC in the military and industrial markets. The acquisition leverages the existing customer base of both companies and enables us to extend our capabilities in terms of products and services we can offer our customers,” said CEO W. Barry Gilbert.
Tom Guliani will be the director of operations responsible for the ongoing operation of the business, he added.
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