For the year ended Dec. 31, sales fell 2.2% to $138.5 million. The results include 11 months of results following the company's reorganization and one
month pre-reorganization.
Sparton will run the business as a wholly-owned subsidiary at its present location and retain current management and staff. The acquisition is subject to the completion of a due diligence review and execution of a definitive purchase agreement.
Winland will manufacture about half of the electronics assemblies for Select Comfort's Sleep Number adjustable-firmness bed. Winland will also remain the exclusive supplier of all products it manufactures for Plymouth-based Select Comfort through at least June 30.
The new agreement replaces a previous agreement that was set to expire in August. Winland has revised its prices and will see a lower margin as a result.
SEATTLE -- Microsoft will increase supplies of its Xbox
360 games console to retailers by two to three times, beginning this
week.
The company, which due to component shortages has struggled with production of the popular device, has lowered its target to 4.5 million to 5.5 million units to be shipped by June.
The component situation has been resolved, the company said.
Microsoft outsources production of the consoles to Wistron, Flextronics and Celestica.