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Foxhole Group, a private investment firm focused on the industrial sector, announced that it has added quick-turn and Low Volume High Mix (LVHM) capabilities to its CCK Automations platform by acquiring two PCB Assembly businesses just 33 miles apart in Connecticut. Completed as separate transactions, the CCK family of companies added OSDA, a high-tech quick-turn prototype PCBA shop in Milford, CT as well as Argo EMS, an agile LVHM business in Clinton, CT.
With the two acquisitions, the company will be adding significant operational talent, as each facility is staffed by highly capable General Managers with 25+ years of EMS experience and staff with 12+ years of tenor with their respective companies. The company will now be able to handle the full product lifecycle and portfolio of customer products with Quick Turn / Prototype and Long-Run High Volume capabilities across the three facilities. The company will also present clients with myriad value-add capabilities including in-house design, injection molding, full box-build and CNC machining with experience to assemble a broad range of technologies: Rigid, Flex, Rigid-Flex, Rogers, Aramats, Metal Core, Polyimide and Hybrids.
The breadth of end markets and critical certifications for the locations will also expand. The company now will serve customers in medical, robotics, aerospace & defense and semiconductor industries among several others and will have ITAR, AS9100, and UL certifications. The customer base for the combined company spans nationally, with most customers located in the Midwest and Northeast.
Regarding the acquisition, General Manager of OSDA Bill DeProfio was quoted saying, “we are excited to partner with the CCK and Argo teams to bring unique capabilities to our customers. We are significantly advantaged to bring new product innovation skills to the customers where CCK and Argo are meeting production needs”.
General Manager of Argo Scott Law added, “This is an incredible opportunity and we’re going to rise to the occasion. We already have the best human capital in the business at Argo and we’re excited with what the new capital will mean in terms of technology and facility improvements. We’re primed to bring additional value to our customers that have been integral to our success while under the Eastern Company’s ownership”.
Founder of CCK and Board member JJ Richardson said, “Since the start of Covid and the global supply chain shortage, we have been seeking to find a way to bring unique value to customers. Over the past 10 months we have been partnering with the Foxhole Group and their sister company DPO&Co. to build a proprietary global procurement capability to solve several of our customers’ supply chain challenges, and the additional scale added by these companies will allow us to offer these capabilities to even more customers in more regions across the U.S.”