Market Overview

Sparton to Acquire Onyx for $43.25M

Sparton Corporation (NYSE: SPA), a premier supplier of sophisticated
electromechanical devices, sub-assemblies and related services for
highly regulated environments in the Medical, Military & Aerospace, and
Industrial markets announces that its wholly owned subsidiary, Sparton
Onyx, LLC has signed a definitive agreement to acquire Onyx EMS, LLC
(“Onyx”) in a $43.25 million all-cash transaction, subject to certain
post-closing adjustments.

Onyx, with sites in both Watertown, South Dakota and Minneapolis,
Minnesota, primarily manufactures medical devices for OEM and emerging
technology companies, including products for cardiovascular diagnostics,
hearing assistance, patient temperature and warming, point-of-care
diagnostics, and surgical equipment used in intraosseous medicine. The
Company also has a presence in the industrial

See full press release

Posted-In: News Guidance Asset Sales Management M&A

 

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