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Stock Market & Financial Investment News

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February 3, 2014
08:17 EDTSPASparton to manufacture PathoGenetix RESOLUTION microbial genotyping system
Sparton has been chosen by PathoGenetix as the design and manufacturing partner for their RESOLUTION microbial genotyping system. PathoGenetix is a developer of an automated system for rapid bacterial strain typing. Under the terms of the agreement, Sparton will conduct design for manufacture and pilot production of a limited number of pre-commercial instruments for the RESOLUTION System, which is slated for commercial availability in late 2014. Pre-commercial units of the RESOLUTION System are currently undergoing testing and evaluation by government and food industry partners.
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July 10, 2014
08:17 EDTSPASparton unit acquires Electronic Manufacturing Technology
Sparton announces that its wholly owned subsidiary, Sparton eMT, has acquired Electronic Manufacturing Technology, a $25M revenue business located in Irvine, California, in an all-cash transaction. The company said, "We are pleased to have eMT join the Sparton family and expect it to be accretive to earnings within the first twelve months.” The transaction was funded through Sparton’s borrowings under the credit facility currently in place with BMO Harris Bank.
06:48 EDTSPACJS Securities to hold a conference
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