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Bead Electronics Announces the Acquisition of Autoswage Products’ Tubular and Square Wire Swaging Operation

January 9, 2011

Bead Industries, Inc. announced the purchase of the assets of Autoswage Products’ tubular and square wire swaging operation on Thursday December 30, 2010. The acquisition will become part of the corporation’s Bead Electronics Division based in Milford, CT. “This acquisition strengthens Bead’s position in the very competitive electronics interconnect market”, Mr. Bryant said.

Milford, CT (PRWEB) January 7, 2011

Ken Bryant, CEO of Bead Industries, Inc. announced the purchase of the assets of Autoswage Products’ tubular and square wire swaging operation on Thursday December 30, 2010. The acquisition will become part of the corporation’s Bead Electronics Division based in Milford, CT. “This acquisition strengthens Bead’s position in the very competitive electronics interconnect market”, Mr. Bryant said.

Bead is the leading manufacturer of swaged tubular, solid wire and continuous reeled interconnect pins for the automotive, telecom, connector, data and lighting industries. Ron Andreoli, President of Bead Electronics said, “The acquisition of these product lines expands our current swaging business, provides additional complementary technology and supplements Bead’s organic growth strategy focused on new products and enhanced marketing. The integration is going smoothly and all orders will ship as scheduled. Our new customers can expect the innovative products and excellent customer service Bead Electronics is known for.”

About Bead Electronics

Bead Electronics manufactures precision continuous reeled, solid-wire, and tubular contact pins for the telecom, automotive, connector and lighting industries. Their custom components deliver the performance of machined pins at the price of stamped, and they can be tooled in a fraction of the time at a modest cost.

The Bead-formed manufacturing process, called swaging, yields superior value because it’s a high-speed, virtually scrapless cold-forming process capable of producing small metal parts that are dimensionally consistent and inexpensive. Bead Electronics is ISO 9001:2008 Certified and RoHS Compliant. Vision System Inspection available.

For additional information or customer support, please contact:

Bob Halkowicz – Sales Manager

(203) 301-0270 x 15

Kevin Mayer – Business Development Manager

(203) 301-0270 x 13

Ron Andreoli – President

(203) 301-0270 x 24

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For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2011/01/prweb4945174.htm


Source: prweb



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