An unknown buyer acquired Dabir Surfaces, Inc. from Methode Electronics, Inc. for $1.5 million
February 20, 2024
Share
An unknown buyer acquired Dabir Surfaces, Inc. from Methode Electronics, Inc. (NYSE:MEI) on February 21, 2024. TM Capital LLC acted as financial advisor to Methode Electronics, Inc.
An unknown buyer completed the acquisition of Dabir Surfaces, Inc. from Methode Electronics, Inc. (NYSE:MEI) for $1.5 million on February 21, 2024.
Methode Electronics, Inc. is a supplier of custom engineered solutions with sales, engineering and manufacturing locations in North America, Europe, Middle East, and Asia. The Company operates through four segments: Automotive, Industrial, Interface and Medical. The Automotive segment supplies electronic and electro-mechanical devices and related products to automobile original equipment manufacturers (OEMs). The Industrial segment manufactures external lighting solutions, industrial safety radio remote controls, braided flexible cables, current-carrying laminated busbars and devices, custom power-product assemblies, such as its PowerRail solution, high-current low-voltage flexible power cabling systems and powder-coated busbars. The Interface segment provides a variety of copper-based transceivers and user interface solutions. The Medical segment is made up of its medical device business, Dabir Surfaces, with its surface support technology aimed at pressure injury prevention.