SAINT-HUBERT, QC -- Varitron Group has acquired fellow EMS Altronics Manufacturing for an undisclosed sum. Altronics' management will be retained, with founder Jeff Altschuler becoming executive vice president of the New Hampshire division.
Martial Vincent remains chief executive officer of Varitron in Québec, and Varitron Group president Michel Farley will also serve as Varitron–Altronics Manufacturing's president.
Hudson, NH-based Altronics was founded in 2003 and serves the commercial, military, industrial and medical industries.
In a press release, Varitron said the deal gives it an "essential presence for meeting US content requirement for its customers, locally and abroad."
Varitron and Altronics provide similar services but also have complementary offerings intended for different markets," said Farley "By pooling our expertise, we will be able to serve more customers and to provide added value in terms of volume with the aim of consolidating the U.S. market and developing new niches."
"Our two companies have much in common, particularly in terms of corporate culture, market vision and work philosophy," Altschuler said. "Altronics was at a crossroads, and this acquisition enables us to grow our business more rapidly and develop new markets. This is why I am pleased to be taking up this new challenge as part of the Varitron team, which is the ideal partner for us."
Altronics is ISO 9001:2008 registered, ITAR registered, and has J-STD Class 1,2,3 certifications.
Varitron was founded in 1991 and has plants in Saint-Hubert and Granby, Québec and serves the energy, telecommunications, aerospace, medical, military and automobile industries.