Knocking Down the Bone Pile: Gold Mitigation for Class 2 Electronics
Punching Out: Your Financial Preparation for a Sale
Nolan's Notes: The Next Killer App in Component Manufacturing
CapitalWorks Announces Merger of Libra Industries and GEMCITY Engineering and Manufacturing
December 20, 2019 | CapitalWorksEstimated reading time: 1 minute
CapitalWorks is excited to announce that its contract manufacturing portfolio companies Libra Industries (“Libra”) and GEMCITY Engineering & Manufacturing (“GEMCITY”) have merged and will operate as Libra Industries going forward. Rod Howell, the former owner and CEO of Libra, will serve as CEO of the combined business.
The merger leverages the leading capabilities of both businesses and creates a vertically integrated contract manufacturer providing electronic manufacturing services (EMS) to OEMs in the Aerospace & Defense, Medical, Semiconductor, Communications and Industrial markets. With a full suite of contract manufacturing capabilities and services including complex assembly, printed circuit board assembly, precision machining, sheet metal fabrication, wire & cable harness, engineering, distribution and electronic box build capabilities, Libra Industries specializes in managing its customers’ entire complex bill of material for the duration of their program lifecycles.
“The team at Libra Industries is excited about enhancing the value we provide to customers by combining the world class contract manufacturing capabilities of both legacy businesses. We are committed to managing our OEM clients’ products from initial design and prototype through full production,” remarked Howell. “This merger allows us to improve the time to market, reduce total system costs and increase quality on an even greater scale for our OEM customers.”
“Libra is a vertically integrated contract manufacturing platform positioned to serve blue-chip OEMs who desire a sophisticated partner on low to mid volume programs. We believe the combination enhances value to the existing customers of both businesses and opens up exciting new opportunities for the combined Libra Industries platform,” stated Todd Martin, CapitalWorks Managing Director.
Libra Industries has facilities in Mentor, OH, Dayton, OH, Dallas, TX, and Willoughby, OH. Libra continues to evaluate acquisitions that would provide additional capabilities and new geographies. No changes are anticipated to the current manufacturing footprint of either legacy business.
Share on:
Suggested Items
I-Connect007 Editor’s Choice: Five Must-Reads for the Week
05/09/2025 | Andy Shaughnessy, Design007 MagazineTrade show season is wrapping up as we head into summer. Where has the time gone? I hope you all get the chance to take a vacation this year, because I know you’ve earned one. Speaking of which, when was my last vacay? If I can’t remember, it’s probably time for one. It’s been a busy week in electronics, with fallout from the back-and-forth on tariffs taking up most of the oxygen in the room. We have quite an assortment of articles and columns for you in this installment of Must-Reads. See you next time.
Kaynes Technology Acquires Canada-Based August Electronics
05/09/2025 | PRNewswireAugust Electronics Inc. is pleased to announce that it has entered into a definitive agreement to be acquired by Kaynes Canada Limited, a wholly owned step-down subsidiary of Kaynes Technology India Limited, a leading Electronics System Design & Manufacturing (ESDM) company. The transaction is expected to close by the end of May 2025, subject to customary regulatory approvals and closing conditions.
Localized Automation Becomes a Tariff Storm Safe Haven, but U.S. Smart Factory Build-Out Costs Far Exceed China’s
05/09/2025 | TrendForceTrendForce’s latest “Human-Machine Technology Report” points out that although the 90-day delay on the U.S. reciprocal tariffs announced by the Trump administration in early April 2025 offers temporary relief, it has already triggered lasting shifts in global manufacturing and supply chain strategies.
Primech AI Plans Production of 300 HYTRON Robots through its China Manufacturing Expansion
05/09/2025 | Globe NewswirePrimech AI Pte. Ltd., a subsidiary of Primech Holdings Limited announced a significant expansion of its manufacturing capabilities through a strategic manufacturing partnership in Guangdong Province, China.
Ultrahuman Expands its American Factory’s Manufacturing Capacity
05/09/2025 | GlobeNewswireUltrahuman, a pioneer in health optimization technology, has announced that it’s ramping up its capacity of the Ring AIR. Ultrahuman’s manufacturing facility (UltraFactory) in partnership with SVtronics, a US-based electronics manufacturing business, has been operational in Plano, Texas, since November 2024.