Fab News

WESTPORT, CTCompass Diversified Holdings reported a first-quarter net loss of $15.3 million, compared to a net loss of $42.2 million for the same quarter in 2009. Sales were up 29% for the period ended March 31.

“We completed the acquisition of Circuit Express, a quickturn producer of printed circuit boards primarily for the aerospace and defense-related markets, which we believe is an excellent addition to Advanced Circuits,” said CEO Joe Massoud, adding that the deal is expected to be accretive.

As of Mar. 31, CODI had $22.1 million in cash and cash equivalents on hand, $75.5 million outstanding on its term debt facility, and $70.5 million outstanding under its $340 million revolving credit facility.

The company has no significant debt maturities until 2013.
CHESTER, CT -- Pluritec Industries has named Ascentech to represent its bare board drilling equipment in New England. 

 

 

INDIANAPOLIS – After 37 years, Diversified Systems Inc., an one-time board fabricator, has shut down, company sources say. Read more: Ex Board Fab Diversified Systems Shuts Down

YAVNE, ISRAEL -- Orbotech today announced first-quarter sales rose 12.2% to $103.1 million on stronger demand for PCB and flat-panel display inspection systems.

Read more: Q1 Has Orbotech Seeing Record Year
WASHINGTON -- While the US Department of Defense is acutely aware of the risks of substandard parts breaching its supply chains, the department is limited in its ability to determine the extent to which counterfeit parts are present because it lacks a department-wide definition of the term "counterfeit" and a consistent means to identify instances of suspect parts. Read more: DoD Report: 'Almost Anything at Risk for Counterfeiting'
SCHRAMBERG, GERMANY -- Schweizer Electronic reported first-quarter sales rose 87% year-over-year to 23.9 million euros on broad-based market demand. Read more: Autmotive Market Drives Schweizer Electronic's Revovery

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