SigmaTron Buys Customer Assets, Gains 2 Plants PDF Print E-mail
Written by Mike Buetow   
Monday, 04 June 2012 10:16

ELK GROVE VILLAGE, IL -- SigmaTron International has acquired certain assets and assumed certain liabilities of Spitfire Control, one of its longtime customers.

Financial terms were not disclosed.

Included in the deal were Spitfire's captive manufacturing sites in Chihuahua, Mexico, and suburban Ho Chi Minh City, Vietnam. Spitfire is an OEM of electronic controls, with a focus on the major appliance (white goods) industry, including domestic cooking ranges, dishwashers, refrigerators, and portable appliances. Currently its primary market is North America and it has applications that can be used worldwide.

SigmaTron, a contract electronics manufacturing services company, has provided manufacturing solutions for Spitfire since 1994 and has been a strategic partner as Spitfire developed its OEM electronic controls business.

SigmaTron president and chief executive Gary R. Fairhead said, "We have a long-term relationship with Spitfire and this was the next logical step. With this acquisition, SigmaTron will add two excellent manufacturing operations in locations that will augment our international footprint. We believe that Mexico will continue to grow as the manufacturing location of choice in North America and Vietnam will continue to be a relatively low cost manufacturing location in Asia. Furthermore, the addition of Spitfire's design capabilities will allow SigmaTron to offer design services for the first time in specific markets. SigmaTron plans to continue to use the name Spitfire Controls in its service to the appliance industry."

 

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