AUSTIN, TX -- Virtex continued its growth by acquisitions with the purchase of Anoka, MN-based Altron Inc. Financial terms were not disclosed.
Altron, not to be confused with company of the same name once located in Wilmington, MA, has a single facility outside Minneapolis where it focuses on regional defense and medical customers. It was founded more than 45 years ago and specializes in high-mix, low-volume production.
In a press release, Brad Heath, CEO, Virtex, said: "Altron extends Virtex's geographic reach further into the Midwest medical, aerospace and defense corridor, enhancing our relationships with key customers who we service in other regions. Altron also brings expanded expertise in medical device manufacturing to the Virtex platform, which will be beneficial for our existing customers. Adding Altron to the VIRTEX platform enhances the services and capabilities we can offer to both Altron's and Virtex's existing customers. It also provides disaster recovery capability for customers requiring 21 CFR 820 medical device certification, or IPC 610/J-STD Space and Satellite certification, increasing their security in the event of a local catastrophe."
"Being a part of Virtex gives our customers the added scale, financial stability and vertical manufacturing services of engineering design, wire and cable harness and precision machining services, as well as geographic locations where we have been unable to penetrate before. We look forward to creating opportunities and job growth as part of the VIRTEX family," added Jim Merritt, director of sales, Altron.
Virtex now has EMS sites in Austin and Plano, TX; Wisconsin; Massachusetts; New Hampshire; Virginia; New Jersey; and Juarez, Mexico. Most of the sites are the result of acquistions made over the past seven years, starting with MTI in Wisconsin.
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