Balmoral Advisors LLC acquired the assets in Hialeah, Florida; Ozark, Missouri; and Matamoros, Mexico of Simclar, Inc..
October 18, 2012 at 12:00 am EDT
Share
Balmoral Advisors LLC acquired the assets in Hialeah, Florida; Ozark, Missouri; and Matamoros, Mexico of Simclar, Inc. (OTCPK:SIMC) on October 18, 2012. The new company will be known as Concurrent Manufacturing Solutions LLC. Benjamin Teno will serve as Concurrent's Chief Executive Officer. Edwin Negrón-Carballo will serve as Chief Financial Officer and Nathan Whipple will serve as Vice President of sales and marketing of Concurrent. Concurrent will locate its business headquarters in Hialeah, Florida and operate facilities at the present locations of the acquired assets in Florida, Missouri, Texas and Matamoros, Mexico.
Balmoral Advisors LLC completed the acquisition of the assets in Hialeah, Florida; Ozark, Missouri; and Matamoros, Mexico of Simclar, Inc. (OTCPK:SIMC) on October 18, 2012.
Simclar, Inc. (Simclar) is a contract manufacturer of electronic and electro-mechanical products, providing advanced electronics manufacturing services (EMS) to original equipment manufacturers (OEMs). The Companyâs products are manufactured to customer specifications and designed for OEMs in the data processing, telecommunications, instrumentation and food preparation equipment industries. Its principal custom-designed products include complex printed circuit boards (PCBs), conventional and molded cables, wire harnesses, backplanes and electro-mechanical assemblies. In addition, Simclar provides OEMs with value-added, turnkey contract manufacturing services, and total systems assembly and integration. It also delivers manufacturing and test engineering services and materials management, with service-oriented manufacturing and assembly services for its customersâ products.