Mixed Quarter Looms For IP&E Suppliers

Most IP&E suppliers had a solid September quarter, with many companies reporting higher sales and earnings year over year. While that momentum is thrusting some suppliers into a strong December quarter and end to 2014, other suppliers are more cautious, citing currency fluctuations, lower distributor sales, the effects of previous restructuring efforts, and uncertain economic and…

CTS to Consolidate Operations

CTS Corporation (NYSE: CTS) today announced that it intends to consolidate its Canadian operation in Streetsville, Ontario, into other existing CTS facilities. The consolidation process is expected to be completed in the first half 2015. Operations at the Canadian facility will be transferred to CTS’ facilities in Mexico and China. The decision to consolidate the…

CTS Expands Into Frequency ICs

CTS Electronic Components, Inc.,  www.ctscorp.com/semiconductors, a global leader in designing and manufacturing a diverse array of electronic components for the automotive, communications, medical, industrial, defense and aerospace and computer markets, announces the addition of frequency related Semiconductors to their product offering. CTS’ new line of integrated circuits includes buffers and dividers, capacitive tuning, cable driver…

CTS Names New Execs

CTS Corporation (NYSE: CTS) has appointed three new leaders to its senior leadership team. On November 11, 2013, CTS appointed Ashish Agrawal as Vice President and Chief Financial Officer, and Anthony Urban as Vice President and General Manager of CTS’ sensors and mechatronics business. CTS also appointed Robert J. Patton as Vice President, General Counsel…

Benchmark Acquires EMS Division of CTS

Benchmark Electronics Inc. said it has bought the electronics manufacturing services unit of CTS Corp., paying approximately $75 million for the division. The business services the industrial, aerospace & defense, medical and communications market, according to a statement issued by Benchmark and CTS. Like many other medium-size contract manufacturers Benchmark has been deepening its offerings…

Benchmark Acquires EMS Segment of CTS Corp.

Benchmark Electronics, Inc. (NYSE: BHE), a leading integrated product design and manufacturing services provider, announced today that the Company has completed an acquisition of the full-service Electronics Manufacturing Solutions (EMS) segment of CTS Corporation (NYSE: CTS). The acquired business is strategically focused on complex, high-mix and low-volume manufacturing in the Industrial, Aerospace & Defense, Medical,…