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FOR IMMEDIATE RELEASE
RAD Electronics Acquires
EMS Company in Colorado
(March 13, 2008) – William
C. Cacciatore Chairman of RAD Electronics is pleased to announce
that effective March 10, 2008; RPM Technology became a wholly owned
subsidiary of RAD Electronics. The newly acquired subsidiary will
operate under the name of RPM Electronics.
RAD Electronics is a well-capitalized full service
contract manufacturing company, specializing in complex assembly
of printed circuit boards, custom and molded cable assemblies and
over molded embedded electronics. The company is committed to expanding
its products and services to the medical, military-aerospace, and
industrial electronics industry. RAD Electronics is headquartered
in Sun Valley, California, just north of Los Angeles with three
manufacturing locations, including a large cable assembly facility
in Mexico.
RPM Technology is also a full service contract manufacturing
company providing complex assembly of printed circuit boards for
companies in the semiconductor, medical, industrial controls, and
instrumentation industries. RPM has been located in Ft. Collins
since 2003. The company currently employs over 120 people. Current
plans are to have RPM continue operating at its current location
with Rob Malcom remaining as the president.
Chuck Mann, RAD’s CEO said, “We have been
searching for a solid EMS company in the rocky mountain region to
serve that growing market area. We were fortunate to find that company
in RPM Technologies. RPM has the capacity and capabilities, and
when added to RAD’s capabilities will make us the leader in
that region. Our plan is to continue to expand in the rocky mountain
area as well as other emerging growth regions in North American
thru organic and external growth. Outsourcing in North America in
our target industries is expected to continue at an accelerated
rate over the next several years and we intend to be a major part
of this exciting opportunity.”
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