MW Industries, Inc. Announces Acquisition of Futuristics Components
Chicago, February 19, 2014 – MW Industries, a leading provider of highly engineered springs, specialty fasteners, machined parts, and other precision components, announced today the acquisition of Futuristics Components, a manufacturer of precision turned components for the microwave, electronics, defense, aerospace and related industries.
Founded in 1988 and headquartered in Waterbury, CT, Futuristics' products include fasteners, washers, timing devices, switches, and fittings. Its expertise is in miniature machined products requiring precision and extremely tight tolerances. The company will be integrated into MW’s RAF Electronic Hardware Division, located in nearby Seymour, CT.
Bill Marcum, CEO of MW Industries, said, “Futuristics has built a solid reputation over the past 25+ years as a niche manufacturer of precision machined components serving a number of key industries. The company’s products and work force are highly complimentary to our existing facilities, and as part of the MW family of companies, we believe that Futuristics is better positioned to penetrate new markets, including the medical, electronics, communications, aerospace and avionics sectors.”
About MW Industries
MW Industries, Inc., headquartered in Rosemont, Illinois, is a leading provider of highly engineered springs, specialty fasteners, machined parts and other precision components to more than 23,000 customers in over 35 countries. Its 40,000+ products are sold through a combination of direct sales, catalogs and distributors to original equipment manufacturers and aftermarket customers in a number of industries, including medical, aerospace, electronics, agriculture/construction, automotive replacement, energy and military.