Component Engineers Inc. Acquires Elks Manufacturing Corporation

Wallingford, CT, December 18, 2008 --(PR.com)-- On October 24th, 2008, CEI acquired the assets of Elks Manufacturing Corporation of Meriden, CT. The purchase resulted in the addition of CNC and manual machining equipment, including nine CNC lathes and five CNC vertical machining centers. It also included the rights to continue to lease the facility and the retention of the talented Elks staff and management. CEI is delighted that Pamela Camire, principle of Elks Manufacturing, will remain with the company as the Business Unit Manager and Inside Sales Representative. CEI will service the accounts from Elks as well as offer additional services to their current customer base.

Elks utilized CNC turning and CNC milling operations to manufacture precision components for various industries. Established in the summer of 1983, Elks’ had been family owned and operated until this recent change. Ed Lacy and his family started the business with one manual Bridgeport in a garage-sized space. Through the years, Elks had grown into an 11,000 square foot facility with 12 employees.

CEI is a contract manufacturing, engineering, and development leader in the Northeast, with its world headquarters based in Wallingford, CT. CEI services companies throughout the world in the medical, automotive, electronic, industrial, military, aerospace, and other commercial industries. The company produces high precision metal components using methods such as precision metal stamping, CNC machining, Wire EDM and tubular fabrication. Founded in 1980, CEI has remained focused on customers’ standards for consistent quality, on-time delivery, and customer service. By continuously investing in capital, technology, and the continuous training of its staff, CEI continues to meet its goal of being a one-stop solution. CEI operates in a 34,000 square foot facility with 102 employees. It has grown to be one of the most trusted and respected metal fabricators in the region.

During the past two years, CEI and Elks developed a working relationship in which they supported each other in several manufacturing endeavors. Given that the two companies compliment each other well, the changeover has been smooth and rewarding for both companies. Ron Hansen Jr., President and CEO of CEI, and Rick Griffin, General Manger of CEI, are overseeing the transition. They are both pleased that they can now offer the additional service of CNC turning to CEI’s current customer base, as well as offer CEI’s many services to the Elks’ customer base. All of the newly acquired processes and capabilities will be fully integrated into CEI’s ISO 9001:2000 and ISO 13485:2003 registered Quality System within the next several months.

For additional information on Component Engineers, Inc., please visit their website at http://www.ComponentENG.com.

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