DE LEON SPRINGS, FL – Sparton has completed the previously announced sale of its contract manufacturing unit, Manufacturing & Design Services, to One Equity Partners. In conjunction with the closing of the transaction, the MDS business has been rebranded as Spartronics.

With the completion of the transaction, Sparton is focused on its engineered defense products business, Engineered Components & Products, which designs, develops, and produces proprietary solutions for defense and commercial needs. Sparton will remain a partner in its Erapsco joint venture, which manufactures sonobuoys and transducers for the US Navy.

Bill Toti, formerly president and CEO of Sparton ECP, has assumed the role of president and CEO of Sparton.

“This is an exciting next chapter for Sparton, as well as our global customers,” said Toti. “With our decades of experience and market-leading capabilities, we have developed deep relationships with governments and leading businesses around the world. As a pure-play defense supplier, we are well-positioned to build on this strong foundation and drive innovation to meet the defense and commercial needs of our customers. Sparton has a bright future and I look forward to working with our talented team as we execute on the many opportunities ahead.”

No financial terms were disclosed.

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