An Atlanta-based international design, manufacturing and distribution company has acquired a Durham, N.C., electronics manufacturer.

East West Manufacturing LLC bought Team Manufacturing, according to a Sept. 24 announcement. The value of the transaction wasn't disclosed.

Founded in 2002, Team is located near North Carolina's Research Triangle in Youngsville, N.C. It specializes in electronics manufacturing, wire harness assembly and box-build services.

East West leaders say the acquisition of Team represented a significant opportunity to enhance the company's growth and advance its strategic focus on growing its electronics capabilities and establishing U.S. manufacturing operations.

“We found the perfect partner with Team to expand our manufacturing presence into the US.” said Scott Ellyson, East West co-founder and CEO. “Team has a great reputation for serving its customers. This acquisition allows us to offer our customers domestic, higher mix, lower volume, quick turn electronic manufacturing services. Best of all, our collective design, manufacturing and supply chain capabilities will enable us to provide even higher levels of service and support to customers on a global basis.”

East West Board member Bob Nardelli said, “This acquisition aligns perfectly with our strategy of building our portfolio by incorporating companies offering innovative solutions to their customers.”

The founder and CEO of Team Manufacturing, Don Albright, said, “My brother Dean, the leadership team, and all the associates here at Team, and I, are thrilled to join the East West family. Our capabilities, culture and customer first focus align perfectly. We are going to do great things together!”

A member of the East West board, Alex Mammen, founder of Heritage Growth Partners, added, “The acquisition of Team provides East West with the ability to marry its high volume international design, manufacturing and distribution capabilities with a well-respected, domestic manufacturer to address the full spectrum of customer needs. We expect the East West-Team combination to gain significant market share through these expanded capabilities.”

East West is a design services and global contract manufacturing partner for original equipment manufacturers and distributors throughout the United States and Europe. It has operations in Vietnam, China and India. The company was founded in 2001.

By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved