Power Electronics

Standex Acquires Magnetico Inc.

Standex International Corp. has purchased substantially all of the assets of privately held Magnetico Inc., Holtsville, N.Y., and its affiliate, Trans American Transformer Inc., East Setauket, N.Y., in an all-cash transaction. The affiliated companies, with combined annual sales of $3.2 million, custom design and manufacture high-reliability, flight-critical magnetic components for the U.S. military and the aerospace and avionics industries.

“Standex's acquisition strategy is focused on identifying bolt-on companies with highly complementary lines of value-added, engineered products that can accelerate our growth in targeted markets,” said Roger Fix, president and CEO of Standex. “The purchase of Magnetico and Trans American Transformer represents the continued execution of this strategy, and adds to an already robust platform of electronic components and subassemblies.”

For more information, visit www.standex.com.

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