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East West Goes North, Nabs Varitron
ATLANTA – East West Manufacturing announced on Mar. 10 it has acquired Varitron, an electronics manufacturing services provider based in Montreal. Financial terms were not disclosed.

Varitron was founded in 1991 and operates four facilities in the Montreal area. After the deal closes, Varitron will maintain its Montreal leadership team.

The deal was financed by Heritage Growth Partners.

“We are excited to partner with Varitron to expand our integrated design, manufacturing and distribution services into Canada,” said Scott Ellyson, co-founder and CEO, East West. “Varitron has an extraordinary reputation for putting customers first and has an established presence for innovation in a variety of high-growth sectors such as medical, industrial, telecommunications and defense. Varitron allows us to offer our customers even greater nearshore, higher-mix, lower-volume, quickturn electronic manufacturing services. With the addition of Varitron’s rapid prototyping and strong R&D capabilities, and our collective design, manufacturing and supply chain capabilities, we can support customers from product inception to full-scale production on a global basis.”

Varitron has annual revenues in the range of $100 to $125 million, CIRCUITS ASSEMBLY estimates, putting the combined entity at around $250 million. (MB)