ST. LOUIS & NORWOOD, Mass., December 21, 2022–(Organization WIRE)–Electrical Components International, Inc. (“ECI”), a foremost worldwide provider of electrical distribution units, manage box assemblies, and other crucial engineered factors for diversified markets, nowadays introduced the acquisition of Producing Resource Group Inc. (“MRG”).
Started in 1988, MRG is a international chief in electro-mechanical equipment and electrical distribution units. The corporation supplies specialised producing and in-home engineering services for consumers serving key industrial tech conclusion markets, which include warehouse automation, protection, robotics, health-related, and semiconductors. MRG will continue on to be led by the current administration team, and maintain its headquarters in Norwood, Massachusetts and its facility in Tecate, Mexico.
“Corporations across sectors are investing in warehouse automation technologies to increase procedures and satisfy accelerated e-commerce need,” stated Mike Balsei, Chief Government Officer of ECI. “MRG is a established chief in the automation sector with subtle capabilities and longstanding customer relationships. This partnership will permit MRG to advantage from ECI’s infrastructure and aligns with our approach of enlargement in significant-expansion segments. We’re thrilled to welcome the MRG group to our ECI spouse and children as we keep on to create on our trusted track record throughout the world.”
Bob Marotto, proprietor of MRG, commented, “We’re amazingly very pleased of the business enterprise we have designed around the earlier 25 yrs and similarly thrilled for this up coming phase of progress. ECI is a like-minded partner with a shared dedication to unmatched good quality and fantastic service. As aspect of a international leader, we’ll be capable to deepen and extend our capabilities to be an even stronger associate to our customers.”
ECI is a portfolio company of Cerberus Funds Administration, L.P., a world-wide leader in alternative investing.
Started in 1953, Electrical Components Worldwide (ECI) is one particular of the world’s major suppliers of electrical distribution units, management box assemblies, and other essential engineered elements for diversified marketplaces. With 25,000 staff and 37 global producing places, ECI is the trusted spouse to current market leaders with 500+ buyers. At ECI, we electricity wise, related, and electrified answers that empower the most innovative systems to resolve the most intricate problems. For far more information about ECI, check out www.ecintl.com.
Based in Norwood, Massachusetts, Manufacturing Source Team Inc. (MRG) is a chief in electro-mechanical and cable assembly production. Since its founding in 1988, MRG has turn into a reliable company of cable and electro-mechanical assemblies which include, battery cable, multi conductor, din rail assembly, lover trays, and box develop products and solutions. For a lot more info about MRG, check out www.mrg-inc.com.
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John Gilbert, Vice President of Corporate Enhancement