News
IRVINE, CA – Henkel’s adhesive electronics business has relocated its headquarters to a new 75,000 sq. ft. facility here.
The building has been designed to accommodate the entire North American R&D team, consolidating staff and resources from three R&D sites under one roof.
The facility includes more than 30,000 sq. ft. of lab space.
The headquarters will house executive management, inside sales, global marketing, global product management, operations, finance, R&D, advanced research, human resource, IT and applications.
MANKATO, MN – Winland Electronics Inc. today announced second-quarter net sales of $5.1 million, down 10.5% year-over-year.
The firm reported a net loss of $822,000, compared to a net loss of $714,000 in the comparable quarter in 2009.
EMS sales for the quarter totaled $4.4 million, a decline of 12.5% compared to the same quarter last year.
EMS sales were up 18.5% sequentially over the $3.7 million the firm reported in the first quarter.
The company reported an operating loss of $205,000 in its EMS business for the quarter, versus operating income of $22,000 in the comparable period in 2009.
For the first six months of 2010, sales totaled $9.7 million, down 24.9% year-over-year.
Winland reported a net loss of $1.4 million in the first six months of 2010, versus a loss of $839,000 in the comparable period in 2009.
EMS sales during the first half of 2010 totaled $8.1 versus $11.4 million in 2009. Winland’s EMS business recorded an operating loss of $248,000 versus an operating profit of $628,000 last year.
Winland designs and manufactures custom electronic control products and systems.
GLENVIEW, IL – Illinois Tool Works Inc. said it acquired Ion Systems Inc. on May 18.
Financial terms of the transaction were not disclosed.
Ion Systems, producer of electronic static control products, will be a wholly-owned subsidiary of ITW, and will become part of the company's existing ionization and static electricity control business.
ITW will continue to operate Ion Systems as a separate business, as part of the Simco electrostatic processes platform.
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