DDL Electronics engages Needham & Co. to provide M&A advisory services.NEWBURY PARK, Calif.--(BUSINESS WIRE)--March 19, 1997--DDL Electronics Inc. (NYSE NYSE See: New York Stock Exchange :DDL (1) (Data Description Language) A language used to define data and their relationships to other data. It is used to create the data structure in a database. Major database management systems (DBMSs) use a SQL data description language. ) Wednesday announced that it has engaged the investment banking firm Needham & Co. Inc. to serve as financial adviser to assist DDL in its mergers and acquisitions strategy and to evaluate alternatives for increasing shareholder value. Commenting on the engagement, DDL Chairman, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President Gregory L. Horton stated, "Needham & Co. has been engaged to help execute DDL's business strategy to expand its presence in the rapidly growing contract manufacturing industry. "Needham will evaluate DDL's current merger opportunities and has also been directed by DDL's board of directors to bring additional opportunities to the table. The company's board is very pleased to be affiliated with this quality investment banking firm." Needham & Co. provides investment banking services to emerging growth companies and their institutional investors, and has established itself as one of the premier investment banking firms for companies in the contract manufacturing industry. DDL Electronics, with headquarters in Newbury Park, provides integrated design The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. and contract manufacturing services to original equipment manufacturers in the instrumentation, communications, computer, medical and aerospace industries. The company also fabricates multilayer printed circuit boards (PCBs). The company's contract manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. are located in Southern California and Northern Ireland. Its PCB PCB: see polychlorinated biphenyl. PCB in full polychlorinated biphenyl Any of a class of highly stable organic compounds prepared by the reaction of chlorine with biphenyl, a two-ring compound. facilities are located in Northern Ireland. CONTACT: DDL Electronics Inc., Newbury Park Rick Vitelle, 805/376-9415, ext. 142 |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion