Media release
Elma acquires part of the Electronic Cabinet activities of Mayville
Products Corporation, Mayville, Wisconsin, USA
CH-Wetzikon, March 1,
2012 - The
Elma Group purchases
part of the
cabinet activities of
Mayville Products
Corporation as of
February 29, 2012.
The acquisition covers
selected product
families with all
accompanying technical
documentations, existing
current assets and
current customer
base.
With this acquisition
(asset deal) Elma
expands the range
of enclosure
solutions, in
particular for
applications in the
segments of data
communication and
broadcasting in North
America. The
acquisition will also
include the brand
names APW Mayville,
Stantron, Pioneer and
Frontier. Mayville
Products Corporation
has recently announced
that they are
selling all their
activities and cease
operations soon. The
parties agreed not
to disclose the
purchase price.
As a solution-oriented
company, Elma «Your
Solution Partner» develops
and manufactures
innovative and
customized electronic
components and system
solutions. The
broadening of the
product range of
electronic cabinets
allows Elma to
expand its market
position in both
standard and
customized solutions
in the electronic
packaging market.
Contact persons:
Elma Electronic AG
Hofstrasse 93
8620 Wetzikon
Stephan Bürgin Edwin
Wild
CEO Elma Group CFO
Elma Group
Tel. +41 44 933
43 04 Tel.
+41 44 933
42 45 stephan.buergin@elma.chedwin.wild@elma.ch
Elma Electronic is a
global company that
designs and
manufactures solutions
in electronics
packaging. The company
provides standard to
fully customized
components such as
modular enclosures,
cabinets and
backplanes up to
complete system
integration. Elma also
manufactures precision
rotary switches. The
company offers a
fast, flexible
response to customer
needs and extensive
practical knowledge in
tailoring solutions to
specific applications.
Visit our Website: www.elma.com
Disclaimer
This communication contains statements that constitute "forward-looking statements". In this communication, such forward-looking statements include, without limitation, statements relating to our financial condition, results of operations and business and certain of our strategic plans and objectives. Because these forward-looking statements are subject to risks and uncertainties, actual future results may differ materially from those expressed in or implied by the statements. Many of these risks and uncertainties relate to factors which are beyond Elma's ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators and other risk factors detailed in Elma's past and future filings and reports and in past and future filings, press releases, reports and other information posted on Elma Group companies' websites. Readers are cautioned not to put undue reliance on forward-looking statements, which speak only of the date of this communication. Elma disclaims any intention or obligation to update and revise any forward-looking statements, whether as a result of new information, future events or otherwise.
This Media Release is published in German and in English. Should the English translation differ from the German original, the German version is binding.