Selas Corporation of America, a diversified firm with international operations and sales that engages in the design, development, engineering and manufacturing of a range of products including precisi…
Selas Corporation of America, a diversified firm with international operations and sales that engages in the design, development, engineering and manufacturing of a range of products including precision medical and electronic products, heat technology equipment and systems, and cable winch products, announced that its subsidiary, Resistance Technology, Inc., (RTI) of Arden Hills, Minnesota, has signed a letter of intent to purchase all of the issued and outstanding shares of Lectret Precision Pte. Ltd. of Singapore, for approximately US$ 3 million in cash. Lectret Precision is an established manufacturer of professional audio devices and accessories for the professional audio, military and radio communications markets. The company“s products for the professional audio market include headsets, lavaliere microphones and measuring microphones. Its military products include crew vehicle communication (CVC) automatic noise reduction (ANR) headsets, trooper ANR headsets and tactical headsets. It markets security kits, noise protection headsets and communications headsets to the radio communications market. “This acquisition is an opportunity for RTI to expand its business into the high-growth telecommunications markets,” Stephen F. Ryan, chairman and CEO of Selas said. “This investment will result in both future sales and earnings for our Precision Miniature Medical and Electronics Group.” According to Mark Gorder, president and CEO of RTI, Lectret is a perfect addition to the Group. “RTI will couple expertise gained from its microphone and audio amplifier business in the hearing health market to produce audio devices and accessories for the professional audio, cellular communications, commercial business call center and computer input device markets,” Gorder said. “All of these markets are looking for miniaturization, better performance in noisy environments and low cost – a perfect match for RTI“s core competencies.”