Winchester Electronics Corporation announced that it has acquired the assets of Advanced Interconnect, Inc., of Franklin, MA, and Kings Electronics Co., Inc., of Rock Hill, SC. Terms of the transactions were not disclosed.
“This is a significant step forward for Winchester Electronics,” said Michael Driscoll, President and CEO of Winchester. “With the Advanced Interconnect and Kings Electronics businesses as part of the Winchester platform, our annual sales will exceed $100 million. The acquisitions will take Winchester into new markets and expand our technological capabilities.”
The Advanced Interconnect business, formerly part of Molex Incorporated, produces fiber optic and copper-based interconnect solutions, including value-added modules for OEMs in the computer, high data rate networking, data storage, telecommunications, and medical sectors of the electronics industry.
Kings Electronics, founded in 1947, is a manufacturer of RF connectors for the commercial and military aviation, broadcasting, telecommunications, industrial, and government markets. “We are pleased to become a part of Winchester Electronics,” stated Robert Dock, President of Kings Electronics. “Winchester’s strong technical and manufacturing capabilities will provided value-added support for our customers,” he added.
Winchester Electronics Corporation, a 65-year old Connecticut-based company, is a leader in designing and manufacturing electronic connectors and interconnect solutions. In addition to its headquarters in Wallingford, the company maintains a global manufacturing and engineering network, and operates manufacturing facilities in Wallingford, CT; Nogales, Mexico; Suzhou, China; and Penang, Malaysia. Audax Group, together with management, acquired Winchester from Litton Systems, Inc. and certain of its affiliates, subsidiaries of Northrop Grumman Corp. (NYSE:NOC) in 2006. Audax Group, based in Boston, Massachusetts, manages in excess of $2.5 billion in equity and mezzanine debt capital.
