MACEDONIA, Ohio--(BUSINESS WIRE)--Trexon, a portfolio company of Audax Private Equity, a leading provider of connectivity solutions for mission-critical applications, announced today that it has completed the acquisition of 603 Manufacturing, a value-added manufacturer of high-performance wire and cable assemblies, RF/microwave coaxial cable assemblies.
Trexon CEO and President, Mark Twaalfhoven stated:
“The acquisition of 603 Manufacturing brings a customer focused organization with a level of expertise and experience aligned with our vision. 603’s products enable crucial technologies driving key megatrends, particularly in commercial space, focusing on avionics for rocket engines, and cutting-edge harnesses for satellites. We aim to benefit from their expertise fostering the growth of our shared business.”
Regarding the acquisition, Trexon Engineered Products Group Vice President, Aaron Gough stated:
"We look forward to leveraging 603’s expertise in RF, ruggedized technologies, and specifically, space applications to further expand our customer base and enable us to broaden our reach into these markets. We welcome Robert `Chip' Chipman to the Trexon EP family and look forward to working closely with him and his team, to foster a collaborative environment to fuel our mutual growth."
On the transaction, Phil Lausier, Founder of 603 Manufacturing stated:
“The decision to unite forces with Trexon was driven by their unwavering commitment to the security and wellbeing of our valued employees, which has been the cornerstone of 603’s success. The Trexon acquisition empowers us to harness the necessary horsepower for exponential business growth and increased market share, mutually benefiting both organizations. I am proud of our legacy and believe that Trexon will bring unparalleled solutions to the market and making a positive impact on the lives we touch."
And, further speaking of the transaction, Robert Chipman, former owner and new General Manager of 603 Manufacturing added:
"We sought a partner who shared our core values and believe to have found a perfect match with Trexon. This collaboration will bring a positive impact to our valued customers and dedicated employees. With the support of Trexon, we are now able to venture into previously untapped markets, unlocking new opportunities for 603 Manufacturing and look forward to embracing the challenges together."
About 603 Manufacturing:
Founded in 1998, 603 Manufacturing originated as RF Logic, through a strategic partnership, eventually evolved into the current business 603 Manufacturing. 603 is a manufacturer of high-performance cable assemblies, and electro-mechanical assemblies. Its products including box builds are designed for applications in the aerospace, defense electronics, wireless infrastructure, and telecommunications, medical, industrial and test and measurement marketplaces. Its reputation is built on excellent customer service delivering reliable, high-performance, cost-effective interconnect solutions to the most challenging complex cable, harness, and microwave cable configuration problems. For more information, please visit 603mfg.com.
About Trexon:
Founded in 1979, Trexon (formerly TPC Wire & Cable Company) is a leading designer and provider of high-performance wire, cable, connectors, assemblies, and accessories used in harsh, high cost-of-failure environments. Trexon’s products are specially constructed for a wide range of design challenges across high-reliability applications in diversified industrial end markets, defense, aerospace, cryogenic, space, medical, and other industries. For more information, please visit trexon.com.
