(March 13, 2008) – William C. Cacciatore Chairman of RAD Electronics is pleased to announce that effective March 10, 2008; RPM Technology became a wholly owned subsidiary of RAD Electronics. The newly acquired subsidiary will operate under the name of RPM Electronics.
RAD Electronics is a well-capitalized full service contract manufacturing company, specializing in complex assembly of printed circuit boards, custom and molded cable assemblies and over molded embedded electronics. The company is committed to expanding its products and services to the medical, military-aerospace, and industrial electronics industry. RAD Electronics is headquartered in Sun Valley, California, just north of Los Angeles with three manufacturing locations, including a large cable assembly facility in Mexico.
RPM Technology is also a full service contract manufacturing company providing complex assembly of printed circuit boards for companies in the semiconductor, medical, industrial controls, and instrumentation industries. RPM has been located in Ft. Collins since 2003. The company currently employs over 120 people. Current plans are to have RPM continue operating at its current location with Rob Malcom remaining as the president.
Chuck Mann, RAD’s CEO said, “We have been searching for a solid EMS company in the rocky mountain region to serve that growing market area. We were fortunate to find that company in RPM Technologies. RPM has the capacity and capabilities, and when added to RAD’s capabilities will make us the leader in that region. Our plan is to continue to expand in the rocky mountain area as well as other emerging growth regions in North American thru organic and external growth. Outsourcing in North America in our target industries is expected to continue at an accelerated rate over the next several years and we intend to be a major part of this exciting opportunity.”