Kimball Electronics Announces the Acquisition of the Assets of Aircom Manufacturing, Inc.
July 18 2016 - 6:16PM
Kimball Electronics (Nasdaq:KE) announced today 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 Mr. 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.
About Kimball Electronics,
Inc.
Recognized with a reputation for excellence, Kimball Electronics
is committed to a high performance culture that values personal and
organizational commitment to quality, reliability, value, speed,
and ethical behavior. Kimball Electronics employees know they
are part of a company culture that builds lasting relationships and
global success for customers while enabling employees to share in
the Company’s success through personal, professional, and financial
growth.
Kimball Electronics trades under the symbol “KE” on The NASDAQ
Stock Market. Kimball Electronics is a global contract
electronic manufacturing services (“EMS”) company that specializes
in durable electronics for the medical, automotive, industrial, and
public safety markets. Kimball Electronics is well recognized
by customers and industry trade publications for its excellent
quality, reliability, and innovative service. From its
manufacturing operations in the United States, Mexico, Thailand,
Poland, China, and Romania, Kimball Electronics provides
engineering, manufacturing, and supply chain services which utilize
common production and support capabilities to a variety of
industries globally. Kimball Electronics is headquartered in
Jasper, Indiana.
To learn more about Kimball Electronics, visit:
www.kimballelectronics.com.
“Lasting relationships. Global
success.”
CONTACT:
Adam W. Smith
Treasurer
Telephone 812.634.4000
E-mail: Investor.Relations@kimballelectronics.com
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