ST. LOUIS & NORWOOD, Mass.–(Business enterprise WIRE)–Electrical Components Worldwide, Inc. (“ECI”), a top world wide supplier of electrical distribution techniques, manage box assemblies, and other vital engineered parts for diversified marketplaces, nowadays announced the acquisition of Producing Resource Group Inc. (“MRG”).
Founded in 1988, MRG is a world wide chief in electro-mechanical equipment and electrical distribution methods. The organization presents specialised producing and in-house engineering products and services for consumers serving critical industrial tech conclusion marketplaces, such as warehouse automation, protection, robotics, health-related, and semiconductors. MRG will carry on to be led by the present administration staff, and manage its headquarters in Norwood, Massachusetts and its facility in Tecate, Mexico.
“Businesses across sectors are investing in warehouse automation technologies to greatly enhance procedures and satisfy accelerated e-commerce demand,” explained Mike Balsei, Chief Executive Officer of ECI. “MRG is a tested chief in the automation market place with refined abilities and longstanding buyer associations. This partnership will help MRG to profit from ECI’s infrastructure and aligns with our method of enlargement in higher-growth segments. We’re thrilled to welcome the MRG crew to our ECI family members as we proceed to develop on our trusted name across the world.”
Bob Marotto, proprietor of MRG, commented, “We’re incredibly proud of the business we have designed around the previous 25 a long time and equally fired up for this future section of progress. ECI is a like-minded partner with a shared commitment to unmatched quality and superb provider. As component of a global chief, we’ll be ready to deepen and grow our abilities to be an even more powerful associate to our customers.”
ECI is a portfolio organization of Cerberus Funds Management, L.P., a worldwide chief in different investing.
About ECI
Started in 1953, Electrical Factors Global (ECI) is just one of the world’s main suppliers of electrical distribution units, regulate box assemblies, and other crucial engineered elements for diversified marketplaces. With 25,000 personnel and 37 world-wide producing areas, ECI is the trusted spouse to marketplace leaders with 500+ shoppers. At ECI, we electric power good, related, and electrified solutions that allow the most superior systems to remedy the most complex worries. For additional info about ECI, take a look at www.ecintl.com.
About MRG
Based in Norwood, Massachusetts, Manufacturing Source Group Inc. (MRG) is a leader in electro-mechanical and cable assembly manufacturing. Considering the fact that its founding in 1988, MRG has turn out to be a trustworthy supplier of cable and electro-mechanical assemblies which includes, battery cable, multi conductor, din rail assembly, admirer trays, and box make solutions. For much more data about MRG, stop by www.mrg-inc.com.
