FT. COLLINS, CO – RPM Electronics Inc. will close by the end of April and lay off its remaining 70 workers.

As reported by Circuits Assembly in December, the electronics manufacturing company previously was expected to close in February.

In published reports, RPM chief executive Chuck Mann cited the loss of business from RPM’s two main customers, Advanced Energy and Plasmon. Those OEMs made up 55% of RPM's sales and have started outsourcing its work to China.

Mann is also COO of RAD Electronics, which acquired RPM in March 2008.

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