Astro-Med to acquire Miltope printer line

Astro-Med Inc. will acquire Miltope Corp.’s line of rugged printers designed for use in commercial and military aircraft for approximately $6.7 million. More

To continue reading this article, please do one of the following.



technology

Astro-Med to acquire Miltope printer line

Posted 1/15/14

WEST WARWICK – Astro-Med Inc. will acquire Miltope Corp.’s line of rugged printers designed for use in commercial and military aircraft for approximately $6.7 million, the maker of specialty printers and data-acquisition systems announced Monday.

The transaction is expected to close on Jan. 21, said Astro-Med, and will include a manufacturing services agreement under which Miltope will continue to manufacture the printers for Astro-Med until Astro-Med transitions the manufacturing operations to its West Warwick facility.

“Miltope has been a leading supplier of ruggedized printers for the last fifteen years. The products have been consistently profitable and we expect the line to be accretive to our test and measurement product group earnings in the first quarter of ownership,” said Everett V. Pizzuti, CEO of Astro-Med. “The acquisition expands our penetration of the market for avionics printers, especially in the segment related to direct sales to the airlines.”

Miltope’s line of ruggedized printers are sold to aircraft manufacturers and contractors and directly to airlines around the world, said Astro-Med. The company will fund the $6.7 million cash purchase price with existing cash and borrowings.

“Miltope’s aviation market growth area is ruggedized computing and wireless products and services for in-flight entertainment and aircraft support,” said Julie Briggs, president and CEO of Miltope. “The divestiture of the airborne printer product line enables Miltope to focus our resources on the future core products.”

No comments on this story | Add your comment
Please log in or register to add your comment
Calendar
PBN Hosted
Events

Only a few seats remain for PBN's Manufacturing Awards Dinner and Ceremony, Thursday, April 24th, at the Bryant University Bello Center. Don't hesitate. Register today!
  • Business Women
    Accomplished. Confident. Wicked Smart. Nominate women you know who deserve speci ...
  • 40 Under Forty
    It's the 10th Anniversary of 40 Under Forty, and PBN is planning a special event ...
  • Healthiest Employers
    Enrollment now open for the 2014 Healthiest Employers Program. Please take a mom ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News