SPA
Sparton CorporationNYSE
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  • Dec. 12, 2013, 1:07 PM
    • Sparton (SPA -0.3%) acquires electronic controls and assemblies contract manufacturer Beckwood Services in an all-cash deal. Terms were undisclosed.
    • Beckwood generates annual revenue of $18M. Its customers include Fortune 1000 manufacturers of industrial control systems, measurement/detection equipment, analytical instruments, and military/DHS equipment.
    • Sparton expects the acquisition to be accretive to earnings within the first year.
    | Dec. 12, 2013, 1:07 PM
  • Sep. 3, 2013, 1:40 PM
    • Sparton (SPA +1%) completes the acquisition of flat panel/touch-screen display solutions provider Aydin Displays from Video Display (VIDE +1.7%).
    • The purchase price is comprised of cash, a 1-year 8% hold-back of the upfront price, and a $6M contingency based on Aydin's EBITDA in the next year. The subsidiary has a revenue run-rate of $18M.
    | Sep. 3, 2013, 1:40 PM