Spectrum Control Completes Acquisition of Summit Instruments, Inc. |
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Spectrum Control, Inc.
8031 Avonia Rd.
Fairview, PA, 16415
USA
Press release date: October 29, 2010
FAIRVIEW, Pa., Oct. 29 -- Spectrum Control, Inc. (Nasdaq: SPEC), a leading designer and manufacturer of custom electronic products and systems, announced today that it has acquired all of the outstanding common stock of Summit Instruments, Inc. ("Summit"). Dick Southworth, Spectrum Control's President and Chief Executive Officer, commented, "We are very pleased to complete this transaction, which expands our Sensors and Controls Business to include inertia components and systems. These custom products, which are used in numerous military and commercial applications, will provide a natural complement to our existing precision position sensors and advanced thermal products. Our Company remains totally committed to continuously expanding our product capabilities, through internal R&D and strategic acquisitions like Summit."
About Spectrum Control
Spectrum Control, Inc. is a leader in the design, development and manufacture of high-performance custom electronic solutions for the defense, aerospace, communications, and medical industries worldwide. For more information about Spectrum Control and its products, please visit the Company's website at www.spectrumcontrol.com.
SOURCE Spectrum Control, Inc.
CONTACT: Investor Relations, John P. Freeman, Senior Vice President and Chief Financial Officer of Spectrum Control, Inc., +1-814-474-4310
Web Site: http://www.spectrumcontrol.com
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