Details Inc. Acquires NTI.ANAHEIM, Calif.--(BUSINESS WIRE)--Dec. 23, 1997--Details Inc. announced today that it has completed the acquisition of NTI NTI NewTech Infosystems (software company, Irvine, California) NTI Nuclear Threat Initiative NTI National Transit Institute (New Brunswick, New Jersey) NTI Nunavut Tunngavik Incorporated , a Colorado-based manufacturer of printed circuit boards (PCBs). Details, located in Anaheim, California “Anaheim” redirects here. For Annaheim, see Annaheim, Saskatchewan. Anaheim is a city in Orange County, California, located 28 miles southeast of Los Angeles. , specializes in providing "time critical" prototype and pre-production printed circuit boards to the electronics industry. The company is a leader in the quick-turn segment (i.e. PCBs delivered in ten days or less) and its products are primarily used in the design, test, and launch phases of new electronic products. NTI, located in Colorado Springs, Colorado The City of Colorado Springs is the second most populous city (after Denver) in the state of Colorado and the 48th most populous city in the United States.[4] The city is the county seat of El Paso County. , manufacturers low to mid-volume PCBs with 10-20 day lead times. NTI has recently completed a facility expansion which enables it to fabricate high-complexity boards with greatly reduced cycle times. NTI's customers include leading manufacturers in the telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , industrial instrumentation instrumentation, in music: see orchestra and orchestration. instrumentation In technology, the development and use of precise measuring, analysis, and control equipment. , computers and peripherals, and electronic manufacturing services industries. The acquisition of NTI more than doubles the manufacturing capacity of Details to approximately 160,000 square feet. Bruce McMaster, Details' President and Chief Executive Officer said, "Details is in the business of providing `time-to-market' solutions for its customers. That means we supply prototype and pre-production boards for their product development and new product launch efforts. Historically, however, we have been capacity constrained con·strain tr.v. con·strained, con·strain·ing, con·strains 1. To compel by physical, moral, or circumstantial force; oblige: felt constrained to object. See Synonyms at force. 2. and have not had the ability to fully meet their 10-20 day pre-production needs. The acquisition of NTI provides Details with the enhanced capacity and managerial talent to serve this market. Combined with NTI, we can offer `one-stop' shopping from the prototype phase through the `ramp-to-production' stage." James Marcelli, President of NTI and now a Vice President of Details commented, "Our whole organization is excited about the transaction. Details is the premier supplier of quick-turn PCBs, and together we will be able to both better serve the collective needs of our customers and become a leader in the consolidation of the value-added segments of the 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. industry." Details Inc. is privately owned by Bain Capital Bain Capital LLC is a Boston, Massachusetts-based private equity firm founded in 1984 by Mitt Romney, the former Governor of Massachusetts, and two other partners from the consulting firm Bain & Company: T. Coleman Andrews III and Eric Kriss. , Inc., Chase Capital Partners, and management. Bain Capital, the lead investor, is a Boston-based private equity investment firm which manages over $1.4 billion in capital and has made over 100 equity investments. Bain Capital's portfolio currently consists of companies which generate annual revenues of approximately $10 billion. CONTACT: Nicolazzo & Associates Richard E. Nicolazzo, 617/951-0000 |
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