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|Sparton Acquires Beckwood Services, Inc.|
Beckwood Services is engaged in the contract services business of manufacturing electronic or electro-mechanical controls and electronic assemblies. Their customer profile includes international Fortune 1000 manufacturers of industrial control systems, analytical instruments, measuring and detecting equipment, and military, defense and Homeland Security equipment.
"The addition of Beckwood Services meets aspects of our growth strategy
by providing Sparton’s entrance into the Northeast geographic market as
well as adding industrial control capabilities that further enhances our
offerings within the electromechanical value stream,” stated Cary B.
Wood, president and chief executive officer of
The transaction was funded through Sparton’s existing cash balances and
borrowings under the credit facility currently in place with
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