-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueBox Build
One trend is to add box build and final assembly to your product offering. In this issue, we explore the opportunities and risks of adding system assembly to your service portfolio.
IPC APEX EXPO 2024 Pre-show
This month’s issue devotes its pages to a comprehensive preview of the IPC APEX EXPO 2024 event. Whether your role is technical or business, if you're new-to-the-industry or seasoned veteran, you'll find value throughout this program.
Boost Your Sales
Every part of your business can be evaluated as a process, including your sales funnel. Optimizing your selling process requires a coordinated effort between marketing and sales. In this issue, industry experts in marketing and sales offer their best advice on how to boost your sales efforts.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
Sparton Explores Potential Sale Transaction
May 4, 2016 | Sparton Corp.Estimated reading time: 1 minute
Sparton Corp. has announced that, as part of its previously announced exploration of strategic alternatives, its Board of Directors has authorized Wells Fargo Securities, LLC to conduct a process to identify parties interested in acquiring the entire company. This decision was made after carefully considering a number of options presented by Wells Fargo upon the completion of their strategic alternative review engagement. The company is working with Wells Fargo to prepare the necessary marketing materials and expects to begin engaging with interested parties by the end of June.
The Board noted that there can be no assurance that this process will result in the announcement or consummation of any transaction. The company has not set a definitive timetable for the completion of this process and does not intend to disclose further developments until the Board determines it appropriate to do so.
About Sparton
Sparton Corporation (NYSE:SPA), now in its 116th year, is a provider of complex and sophisticated electromechanical devices with capabilities that include concept development, industrial design, design and manufacturing engineering, production, distribution, field service, and refurbishment. The primary markets served are Medical & Biotechnology, Military & Aerospace, and Industrial & Commercial. Headquartered in Schaumburg, IL, Sparton currently has thirteen manufacturing locations and engineering design centers worldwide. Sparton’s website may be accessed at www.sparton.com.
Suggested Items
Sparton Board of Directors Name Trusted Maritime Leader as New President and CEO
02/21/2024 | Sparton Corp.The Sparton Board of Directors has named Donnelly Bohan President & CEO of Sparton. Bohan will join Sparton and assume its leadership on March 4, 2024. She is replacing Tracy Howard who served as the company’s President and Chief Executive Officer since December 2021.
Sparton Received Vendor Status for U.S. Navy Sonobuoy Orders
08/15/2022 | Sparton Corp.Sparton Corporation, an Elbit Systems of America company, announced that it had received a vendor status under the United States Navy’s sonobuoy Multiple Award Delivery Order Contract (MADOC). With MADOC vendor status, Sparton qualifies to compete for annual delivery orders for each sonobuoy variant that may be needed by the service.
Ultra and Sparton JV (ERAPSCO) Awarded $11.6M for U.S. Navy Production Contract
04/19/2022 | Ultra ElectronicsUltra Electronics Holdings plc (ULE) and Sparton DLS, LLC announce the award of a contract valued at $11.6 million to their ERAPSCO joint venture, against the $222 million competitive Indefinite Delivery Indefinite Quantity (IDIQ) production contract for the manufacture of next-generation sonobuoys for the United States Navy.
Sparton’s Bill Toti Retires; Tracy Howard Tapped as Next President & CEO
12/10/2021 | Sparton Corp.Sparton President and Chief Executive Officer Bill Toti has retired after leading the company for three years, including through the company’s transition to Elbit Systems of America during 2021.
Elbit Systems of America Completes Acquisition of Sparton Corporation
04/06/2021 | Sparton Corp.Elbit Systems of America, LLC has completed the acquisition of Sparton Corporation from an affiliate of Cerberus Capital Management, L.P. for $380 million, subject to customary price adjustments, resulting in a significant expansion of Elbit Systems of America in the United States.