News
LOUISVILLE, KY – Sypris Solutions has appointed Paul Larochelle president of Sypris Technologies, effective Oct. 26.
Larochelle, who was also named vice president of Sypris Solutions, will be located at Sypris Technologies’ headquarters in Louisville and will report to Jeffrey T. Gill, president and CEO of Sypris Solutions.
Larochelle last served as VP of the structural products group of Dana Corp.
Sypris Solutions is an EMS provider focused on the defense markets.
MIAMI – A Heico Corp. subsidiary has acquired Dukane’s Seacom division, a maker of underwater locator beacons. Financial terms were not disclosed.
The business, which Heico has renamed Dukane Seacom, will be part of Heico’s Electronic Technologies Group. Its operations will remain in St. Charles, IL.
The firm said Dukane Seacom's management would remain with the business in their pre-acquisition roles. It does not expect other near-term staff turnover to result.
Heico expects the acquisition to be accretive to its earnings per share during the year following closing.
SAN JOSE – North America-based manufacturers of semiconductor equipment posted $732.8 million in orders in September, up 19.3% sequentially and 12.8% year-over-year, SEMI said today. Bookings rose year-over-year for the first time in 28 months.
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