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Kimball Electronics Acquires Aircom Manufacturing
July 19, 2016 | Kimball ElectronicsEstimated reading time: Less than a minute
Kimball Electronics has announced the acquisition of the assets of Aircom Manufacturing Inc., an Indianapolis-based contract manufacturing company that specializes in metal fabrication, plastic injection molding, and assembly.
"Completing the Aircom acquisition is another important step in our strategy to expand our package of value by offering our customers design engineering and manufacturing expertise in precision metals and plastics," stated Don Charron, Chairman and CEO of Kimball Electronics.
Aircom, former parent company of Medivative Technologies LLC, was founded by Robert Lyon in 1960 and has been owned and operated by the Lyon family for over 55 years. "We are very proud of what our company has accomplished over all these years and we are happy to have had a positive impact on the lives of our employees," stated Ron Lyon, President of Aircom. "We share our employees’ excitement as they look forward to a bright future as new members of the Kimball family."
As part of the transaction, Kimball Electronics acquired Aircom's 80,000 square-foot manufacturing facility, production equipment, and inventory, assumed specified liabilities and hired approximately 100 Aircom employees.
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