Marmon Aerospace & Defense Group, Manchester, N.H., a Marmon Holdings Inc./Berkshire Hathaway company, announced today that it has successfully completed the acquisition of Marine Tech Wire & Cable Inc. Marine Tech is a manufacturer of electrical wire and cable that specializes in the production of circuit integrity cable for use in U.S. Navy ships. (No acquisition price was announced.)
Founded in 2000 and based in York, Pa., Marine Tech Wire & Cable complements Marmon A&D Group’s product portfolio by offering power, specialty, lightweight, low smoke, silicone, and watertight circuit integrity cabling for mission-critical shipboard applications, according to a statement from Marmon.
Marine Tech Wire’s commitment to excellence and innovation is demonstrated by its high-performance cable, stringent quality standards, and skillful, dedicated employees, the statement continues.
Regarding the addition of Marine Tech W&C to the Marmon A&D team, Charles Clement, President of the Marmon A&D Group stated, “With our recent opening of the Hooksett, NH marine power cable facility and this strategic acquisition
“We are excited to welcome Marine Tech to the Marmon family. Their expertise in the design and manufacturing of Circuit Integrity Cable will align perfectly with our current shipboard product line and will allow us to support all major Navy Ship Contracts.” said Robert Canny senior vice president of Marmon A&D Group.
Marmon Aerospace and Defense Group is a provider of high-performance wire, cable, and connectivity solutions for the aerospace, defense, and industrial sectors. The company specializes in the design, engineering, and manufacturing of products for a wide range of applications, with expertise in commercial and military-spec data and power cables, RF coaxial cables, thermocouple cables, connectors, fiber optics, and custom assemblies. Marmon Holdings Inc., a Berkshire Hathaway company, is a global industrial organization comprising 11 diverse business sectors and more than 125 autonomous manufacturing and service businesses.
“This acquisition is an exciting new chapter for Marine Tech, and we are eager to join Marmon,” said owners Mark Lindsay and Kosta Kontanis. “With our combined capabilities, we will bring a new level of value to our customer base.”
Both Lindsay and Kontanis will be staying with the business and working to support continued growth, according to the statement.
