Mergers & Acquisition

Roanwell Corporation Enters Deep Sea Marine Market with Acquisition of Bees Manufacturing, LLC

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Roanwell Corporation

2564 Park Ave, Bronx, NY, 10451, USA

Original Press Release

Roanwell Corporation Enters Deep Sea Marine Market with Acquisition of Bees Manufacturing, LLC

Press release date: November 28, 2012

BRONX, N.Y. -- Roanwell Corporation ("Roanwell"), est. 1948, a diversified manufacturer of rugged communications equipment and contract manufacturer of high precision close tolerance machined parts, today announced it has purchased the operations of Bees Manufacturing, LLC.

Bees Manufacturing, LLC, ("Bees"), est. 1929, of Weymouth, MA, is a contract manufacturer of various alloy and plastic precision machined components for OEMs in the deep sea marine, medical, and industrial markets.

Bees manufacturing operations will merge into Roanwell Corporation's Absolute Manufacturing Division, located in Pepperell, MA. The name "Bees" will be discontinued as products will be shipped under the Absolute Manufacturing name. Absolute Manufacturing specializes in precision machining and assembly of close tolerance parts made from challenging materials such as stainless steel, aluminum, nickel alloys, titanium and other engineered materials. The company provides multi-axis CNC machining, turning, assembly, and program management for the medical, defense and industrial markets.

"The acquisition of Bees Manufacturing is part of Roanwell's growth strategy of growing its customer base of engineered close tolerance precision machined parts in its already established medical and industrial markets, as well as expanding manufacturing in the deep sea marine market." said Jonathan LaBarre, President of Roanwell Corporation.

"Roanwell and its Absolute Manufacturing division are committed to providing Bees Manufacturing's customers a positive and seamless integration with superior customer service while offering Roanwell's additional capabilities." said Barbara LaBarre, CEO of Roanwell Corporation.

About Roanwell Corporation
Roanwell Corporation is a diversified manufacturer that operates five businesses from two locations: Bronx, NY and Pepperell, MA. In Bronx, NY, Roanwell designs and manufactures headsets, handsets, handheld microphones, earphones, over molded connectors and cords, harnesses, and accessories for military and commercial communications markets. The facility houses a full R&D and test laboratory to design, prototype and test products in order to meet government QPL specifications and first article testing. Roanwell dba "DGM4Parts" is a contract manufacturer of wire harnesses, electro-mechanical box building, sign engraving and painting serving the military electronics, semiconductor, medical, and elevator markets. Roanwell dba "Bronx Industrial Supply" is a reseller of stainless steel, sheet metal and sandpaper. Roanwell dba "Paramount Cords & Brackets" is a designer and manufacturer of over molded connectors, sync and power cords, wire harnesses and custom cables for the photography and medical industries.

In Pepperell, MA, Roanwell dba "Absolute Manufacturing" is a contract manufacturer of high precision close tolerance machined parts for the deep sea marine, medical, defense, and industrial markets.

Roanwell is Hubzone accredited, ITAR certified and is veteran and woman owned.

For more information on Roanwell brands and products, please visit www.roanwellcorp.com.

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