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Stock Market & Financial Investment News

News Breaks
March 18, 2014
08:17 EDTSPASparton completes acquisition of Aubrey Group
Sparton announced that it completed an all-cash transaction to acquire Aubrey Group, an $8M revenue business. Aubrey will continue to service its current and future customers out of its Irvine, California location. Aubrey Group is a design and manufacturing company using technologies to develop new products for OEMs in the Medical and Biotechnological markets. Aubrey Group is FDA registered, ISO 13485 and ISO 9001 certified, licensed by the California Food and Drug Branch and compliant with FDA Design Controls, IEC, and UL requirements. Further, a Class 100K clean room is available to offer sterile packaging, sealing, and sterilization validation services. The transaction was funded through Sparton’s borrowings under the credit facility currently in place with BMO Harris Bank.
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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