NORTHFIELD, and CHASKA MN -- Flex circuit fabricators Printed Circuits and All Flex have merged and will begin to operate under the name All Flex Solutions, the companies announced.
The merger closed Aug. 31, the companies said, following two years of collaboration and integration. Financial terms were not disclosed.
Both Chaska-based Printed Circuits and Northfield-based All Flex offer flex-based boards, the former primarily rigid-flex and the latter flexible circuitry and assemblies.
"With marquee customers in medical, aerospace, and defense end markets, the combined company will provide both life critical and mission critical solutions," the firms said.
Dale Nordquist, chairman, All Flex, will become chair of the merged company. Kevin Jackson, who joined the company in early July, has been named chief executive.
Customers' and suppliers' points of contact at All Flex Solutions will remain the same, and all products will continue to be manufactured on the same equipment in the same locations, which include three facilities and more than 160,000 sq. ft. to support increased capabilities and growing capacity.
All team members have been retained, and each of the more than 340 All Flex Solutions team members, including more than 30 who have been added since the start of the collaboration, and job growth is expected to support strong customer demand and continued business growth.
In a statement, Ken Tannehill, founder, Printed Circuits, said, “Our companies are natural and better together, sharing common values, geography, processes, and customers after having collaborated informally for many years. And I’m delighted that we all have a committed, long-term owner in Granite Partners to provide continuity and care for all our stakeholders for decades to come.” As part of the merger, Tannehill is now on the board of directors after serving as CEO of Printed Circuits for 44 years.
Nordquist said, “Kevin brings extensive executive experience in industrial and defense-related corporations along with the excellence of his West Point training, an advanced engineering degree, and a distinguished record that includes a Purple Heart for his service as an engineer officer in the United States Army.
“I am honored to serve in this important leadership role during such an exciting time for All Flex Solutions," Jackson said. "Our 340-plus expert team members are deeply committed to providing solutions for mission and life critical applications. Our customers are distinguished in their medical, aerospace, and defense niches. Our suppliers are best-in-class. Our company is profitable and well resourced. And, in this orderly transition, all our stakeholders will experience high continuity and continuing growth opportunities.”
The executive team includes John Fallon as president of the Flexible Circuit Center of Excellence, Matt Tannehill as president of the Rigid Flex Center of Excellence, Joy Fries as chief development officer, and Stacy Colbert as chief financial officer.
Granite Partners led the investment in the merged company.
PCB West: The leading technical conference and exhibition for electronics engineers. Coming Oct. 4-7 to the Santa Clara (CA) Convention Center. pcbwest.com
