Acquiring Company
Standex International Corporation
Acquired Company
Minntronix
SalemManufacturingEnergyRenewable EnergyManufacturingSecurityElectronicsDescription
Standex International Corporation (NYSE:SXI) today announced that it has acquired privately-held, South Dakota-based Minntronix for approximately $30 million in cash. The transaction is being financed from Standex's existing cash balance. In its first year of ownership, the Company expects the acquisition to be accretive to its earnings and to achieve a double-digit return on invested capital.
Quick answer
Standex International Corporation is acquiring Minntronix, announced July 31, 2023. Standex International Corporation is based in Salem, New Hampshire, United States.
- How much did Standex International Corporation pay for Minntronix?
- The deal value was not disclosed.
- What does Standex International Corporation do?
- Standex International Corporation is a multinational manufacturer of diverse products and services with a focus on creating valuable and high-quality solutions for customers.
- Where are Standex International Corporation and Minntronix based?
- Standex International Corporation is based in Salem, New Hampshire, United States.
- Who are the decision-makers at Standex International Corporation?
- Fundz holds 5 contacts at Standex International Corporation. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Standex International Corporation, and when
When Standex International Corporation changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired Minntronix?
Minntronix was acquired by Standex International Corporation, based in Salem. The deal was reported on July 31, 2023. Standex International Corporation is a multinational manufacturer of diverse products and services with a focus on creating valuable and high-quality solutions for customers. Standex International Corporation is publicly traded (SXI) and operates in Manufacturing.
When did Standex International Corporation acquire Minntronix?
Standex International Corporation's acquisition of Minntronix was reported on July 31, 2023. Standex International Corporation (NYSE:SXI) today announced that it has acquired privately-held, South Dakota-based Minntronix for approximately $30 million in cash. The transaction is being financed from Standex's existing cash balance. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Minntronix do?
Minntronix, founded in 1990, designs and manufactures transformers, inductors, sensors, coils, chokes, and filters for products focused on cable fiber, smart meters, industrial control and lighting, electric vehicles, and home security markets. It is privately held, operating in Manufacturing.
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