Viasystems Group Inc. Acquires PAGG Corporation.ST. LOUIS--(BUSINESS WIRE)--April 16, 1999-- Viasystems Group, Inc., one of the world's largest independent manufacturers of printed circuit boards and backplane assemblies, announced today that it has acquired PAGG PAGG Process Aggregates Corporation of Milford, Massachusetts Milford is a town in Worcester County, Massachusetts, United States. The population was 26,799 at the 2000 census. For geographic and demographic information on the census-designated place Milford, please see the article Milford (CDP), Massachusetts. . Terms of the transaction were not disclosed. Viasystems was formed in 1996 by Hicks Hicks , Edward 1780-1849. American painter of primitive works, notably The Peaceable Kingdom, of which nearly 100 versions exist. , Muse, Tate & Furst Incorporated and Mills & Partners, Inc. PAGG's state-of-the-art facility operates multiple surface mount production lines for printed circuit board and backplane assembly and has full box-build capabilities. "Viasystems operating philosophy is market driven and customer focused," said Timothy L. Conlon, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Viasystems Group, Inc., "and the acquisition of PAGG enables Viasystems to provide a more complete solution to our customer demands for value-added assembly capabilities." According to Ed Price, founder of PAGG and Viasystems' vice-president and general manager of the newly acquired unit, PAGG's pre-production services, full system build and integration, and volume manufacturing capabilities complement Viasystems existing strength in the backplane and fabricated fab·ri·cate tr.v. fab·ri·cat·ed, fab·ri·cat·ing, fab·ri·cates 1. To make; create. 2. To construct by combining or assembling diverse, typically standardized parts: board business, adding further creditability to the Value-Added Assemblies & Services business unit. "Our combined strengths," said Price, "enable us to meet demands, and enhance our position as a value-added supplier to a number of our customers worldwide." Based in St. Louis, Mo., Viasystems Group, Inc. is one of the world's largest independent manufacturers of printed circuit boards and value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. backplane assemblies and services. The company operates manufacturing facilities worldwide, supplying customers in a variety of markets that include the telecommunications, computer, automotive, military, consumer electronics, industrial, medical, and instrumentation industries. |
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