CLEVELAND, OH – Libra Industries and Gemcity Engineering & Manufacturing have merged and will operate as Libra Industries going forward.
Rod Howell, the former owner and CEO of Libra, will serve as CEO of the combined business.
The merger creates a contract manufacturer providing electronics manufacturing services to OEMs in the aerospace and defense, medical, semiconductor, communications and industrial markets.
Capabilities and services include complex assembly, PCB assembly, precision machining, sheet metal fabrication, wire and cable harness, engineering, distribution and electronic box-build capabilities.
“The team at Libra Industries is excited about enhancing the value we provide to customers by combining the world-class contract manufacturing capabilities of both legacy businesses,” said Howell. “We are committed to managing our OEM clients’ products from initial design and prototype through full production. This merger allows us to improve the time to market, reduce total system costs and increase quality on an even greater scale for our OEM customers.”
“Libra is a vertically integrated contract manufacturing platform positioned to serve blue-chip OEMs who desire a sophisticated partner on low- to mid-volume programs,” said Todd Martin, CapitalWorks managing director. “We believe the combination enhances value to the existing customers of both businesses and opens up exciting new opportunities for the combined Libra Industries platform.”
No financial terms were disclosed.