Cable Manufacturing & Assembly Acquires Cablecraft Motion Controls
August 27, 2021 | Globe NewswireEstimated reading time: 1 minute
Cable Manufacturing & Assembly (CMA), a Torque Capital Group portfolio company, announced that it has completed the purchase of Cablecraft Motion Controls, a leading designer and manufacturer of high-performance, critical application mechanical motion control products. Based in New Haven, IN, Cablecraft has a rich history of providing proprietary, highly engineered motion control products to market leaders in the heavy truck, engine controls, construction, and agriculture industries.
Dan Pappano, Chief Executive Officer, CMA commented, "Cablecraft is a preeminent brand in the motion controls market with a reputation for superior engineering and product reliability. This transaction brings together two iconic brands in mechanical motion controls creating a global leader in the design and manufacture of control cables, linkages, assemblies, actuation systems, and related components. Leveraging our combined capabilities, technologies and expertise will offer significant benefit to our valued customers while creating meaningful growth opportunities."
Jonathan Saltzman, Managing Partner, Torque Capital Group, said, "This is our second addition to the CMA platform following our acquisition of Glassmaster Controls earlier this year. We are thrilled with the addition of Cablecraft which will accelerate CMA's ambitious growth plans. Cablecraft's complementary product portfolio and breadth of customer application knowledge, along with its recognized brand and reputation, make it an ideal fit with our focus to further grow and diversify CMA's ability to provide a broad portfolio of mission-critical motion control solutions to a variety of end markets."
Suggested Items
Commercial Demand Continues to Be the Main Driver of Personal Computing Device Shipments into the GCC Region
03/26/2024 | IDCThe Gulf Cooperation Council (GCC) personal computing device (PCD) market, which is made up of desktops, notebooks, and workstations, declined 4.0% year on year in 2023, with high inventory levels and reduced consumer spending the primary causes.
Suppliers Aim to Raise Contract Prices, But With Uncertain Demand, 2Q24 DRAM Price Increase Expected to Narrow to 3–8%
03/26/2024 | TrendForceTrendForce’s latest report reveals that despite DRAM suppliers’ efforts to trim inventories, they have yet to reach healthy ranges. As they continue to improve their lose situations by boosting capacity utilization rates, the overall demand outlook for this year remains tepid.
LPKF Reports Strategic Successes and Narrowly Achieves Forecast for 2023 Financial Year
03/26/2024 | LPKFLPKF Laser & Electronics SE generated revenue of EUR 124.3 million in the financial year (previous year: EUR 123.7 million) and earnings before interest and tax (EBIT) of EUR 3.7 million (previous year: EUR 6.8 million), putting the EBIT margin at 3.0% (previous year: 5.5%).
Arlon EMD and EMC Announce Expansion in California
03/25/2024 | Arlon EMDArlon EMD, a division of Elite Materials Company (EMC), announces a factory expansion at the Rancho Cucamonga, CA location. Arlon is a global leader in high performance thermoset substrates for mission critical printed circuit boards manufactured for high endurance and long-life programs. Arlon has a 45-year history of manufacturing specialty materials for the Aerospace, Industrial and Military (AIM) markets.
Intraratio Enhances MES + Yield / IoT Management with New Advanced Manufacturing Analytics
03/22/2024 | IntraratioIntraratio announced AICard, which harnesses the power of artificial intelligence and machine learning to empower manufacturers to make informed decisions quickly and accurately regarding product quality and manufacturing line performance and optimization.