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Stock Market & Financial Investment News

News For SPA From The Last 14 Days
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March 17, 2015
08:17 EDTSPASparton acquires Stealth.com
Sparton announced that its wholly owned subsidiary, Sparton of Canada, completed the acquisition of substantially all of the assets of Stealth.com on March 16 in an all-cash transaction. “We have amassed a business in which we expect synergies to benefit our customers, our operations, and our product development. Stealth.com’s revenue is expected to enhance the company’s Engineered Components & Products segment EBITDA and be accretive to earnings within the next nine to 12 months, once integration activities are completed,” said Sparton. The transaction was funded through Sparton’s borrowings under the credit facility currently in place.

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