Cadence Acquires Arcor Laser.
Cadence Inc. has acquired the assets of Arcor Laser Services. Arcor is a leader in laser processing, providing customers with advanced laser welding, laser cutting, machining, marking, and micro-drilling services.
"The addition of Arcor's laser expertise represents our latest investment in building a broad platform of precision technologies and supply chain services for our customers," stated CEO Alan Connor. "We continue to accelerate our efforts to provide our customers with highly technical solutions to help improve their products and are extremely pleased with the laser processing portfolio that Arcor brings to our team."
Founded by Gary Francoeur in 2004, Arcor specializes in precision laser welding, machining, marking, and drilling, as well as turnkey systems integration. Arcor is also an expert in the integration of laser processes into Swiss machining centers, enabling complex fabrication at a lower cost. The company is located in Suffield, Conn., and consists of two facilities totaling 30,000 square feet.
"We are very excited to join the Cadence team and expand our business," said Gary Francoeur. "Cadence is a great complement for our current manufacturing capabilities and we serve similar medical device and industrial markets. We see strong opportunities for growth and believe that Cadence has the team and the resources that will enable us to do so."
Tony Freeman of A.S. Freeman Advisors LLC, advised Cadence and Steve Pappas of Touchstone Advisors LLC, advised Arcor in connection with the transaction.
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|Title Annotation:||INDUSTRY NEWS|
|Publication:||Medical Product Outsourcing|
|Date:||Jun 1, 2019|
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