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March 17, 2006
Vectron International sells Whitby, Canada Facility Vectron International today announced the sale of its crystal manufacturing operation headquartered in Whitby, Canada to Wenzel Associates, Incorporated, located in Austin, Texas. The sale, which is part of Vectron’s consolidation initiative, gives Wenzel Associates all the assets of Vectron International, Ltd.’s crystal manufacturing operation as of March 16, 2006. The new company will operate under the name of Croven Crystals, Wenzel International, Incorporated. The acquisition allows Croven Crystals to continue more than 50 years of service providing precision quartz resonators to the communications, aerospace, instrumentation and telemetry markets. Croven Crystals, Wenzel International Inc., will run its business under the current management at the current Whitby facility and assumes responsibility for all existing orders. Croven Crystals will market its crystals worldwide through direct sales and factory representatives. |