Creation Technologies Acquires Two EMS Providers - Manufacturer expands Presence in the Central and Eastern USA Through Taytronics and SMC Acquisitions
VANCOUVER, Aug. 1 -- Creation Technologies, a global Top 50 Electronic Manufacturing Service (EMS) provider and expert in manufacturing complex electronics products, today announced it has acquired SMC, Inc. of Lexington, Kentucky and finalized its acquisition of Taytronics, Inc. of Saint Peter, Minnesota. These acquisitions extend Creation's footprint in the Central and Eastern US, firmly position Creation among the top 15 EMS providers in North America and mark the fourth and fifth in a series of acquisitions the company has made in the past four years.
"We are extremely pleased to welcome the people and customers of such solid companies as SMC and Taytronics into the Creation family," said Arthur Tymos, President and Chief Executive Officer of Creation Technologies. "These companies fit well with Creation's current businesses, as both have cultures, leadership styles, people skills and experiences, service and technical capabilities, profit momentum and revenue growth opportunities that match ours. Also, these acquisitions provide Creation with the additional North American footprint we need to support and grow our customer base."
The Taytronics operation will become Creation's eighth business unit and will be renamed Creation Technologies - Saint Peter. Taytronics, an affiliate of Taylor Corporation in North Mankato, MN, has been providing EMS services to the Minnesota and Wisconsin area since 1990. The company employs 125 people. All employees in the Saint Peter facility will continue to report to John Makela, General Manager. John will also join Creation's Executive Leadership Team.
"We are very excited to be expanding Creation's strong business model and culture in the Minnesota and mid-West areas," said John Makela. "Creation's existing OEM customers in the area, together with Taytronics' impressive roster of customers, will greatly benefit from the additional capacity and services our business unit will provide. Our employees will also profit from joining this employee-owned company that has maintained its culture of excellence throughout its North American expansion."
The ninth business unit, the SMC operation, will be renamed Creation Technologies - Lexington. Located in Lexington, KY, SMC has been servicing OEMs in the Central and Eastern US regions since 1994. The company employs 325 people. Employees in the Lexington facility will continue to report to Greg Howard, General Manager. Greg and John Zurborg, VP of Business Development, will also join Creation's Executive Leadership Team.
"SMC is delighted to become part of Creation Technologies family providing EMS services to customers in the Central and Eastern US," said Greg Howard. "Our proven leadership skills in business development and automated manufacturing will nicely complement the company's expertise and will support its further growth."
About Creation Technologies
Creation Technologies is a global Top 50 Electronic Manufacturing Service (EMS) provider focused on manufacturing complex electronics for businesses in the industrial controls, instrumentation, medical, wireless and other communications, safety and security, aerospace and transportation markets. The company of approximately 1,800 employees provides full manufacturing solutions from design support and new product development to final assembly, packaging and product distribution to its customers across North America. Creation's financial strength, employee ownership philosophy and commitment to investing in its technical capabilities have created a highly stable partner for Original Equipment Manufacturers (OEMs). The company operates nine manufacturing facilities in British Columbia, California, Texas, Minnesota, Wisconsin, Kentucky and Ontario. More information on Creation Technologies can be found at: www.creationtech.com.
Source: Creation Technologies Inc.
CONTACT: Deborah Gillies, Creation Technologies, (604) 453-3424, dgillies@creationtech.com;
