Industry Veterans Focus On Canadian Marketplace With The Acquisition of EMS
Provider Artaflex Inc.
MARKHAM, ON, Sept. 30 /CNW/ - Artaflex Inc. announced today the completion of the sale to a group of industry veterans led by Paul Walker, the founder and former C.E.O. of SMTC. The terms and value of the deal were not disclosed.
"The opportunity to acquire Artaflex with all its unique differentiators, and to partner with Gerry Iuliano, the co-founder of Artaflex and Phil Woodard who was previously the COO at SMTC and who will take on a similar role at Artaflex, was just too great to pass up" … says Walker.
Commenting on the Canadian industry in general, Walker added "After advising Artaflex for the past few months, and other companies over a number of years, it became more apparent then ever that the mid tier Canadian market is lacking a strong EMS provider with the product development, commercialization and manufacturing differentiators that Artaflex has to offer. When you combine this with all the industry consolidation opportunities in this same mid tier space, it's just a very exciting time to acquire Artaflex and be focused on Canada.
About Artaflex
Artaflex is an integrated product development, commercialization and manufacturing company providing services to Original Equipment Manufacturers (OEM) requiring expertise in a high mix and high complexity manufacturing environment. With expert engineering, logistical and manufacturing capabilities, Customers partner with Artaflex to produce high quality products in time to meet today's ever shortening delivery cycles. In addition to assembling high quality circuit boards, Artaflex offers a full suite of additional services such as: electronic circuit design, PCB layout, test, rework/repair and box build enabling customers to benefit from greater vertical integration in their supplier base. For more information, visit http://www.artaflex.com/.
For further information:
Contact information:
Phil Woodard
(905) 479-0148 ext. 275
[email protected]
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