PITTSBURGH—Intervala LLC recently reported that it acquired certain assets of NEOTech Inc.’s manufacturing business in Mason, Ohio. The acquisition expands Intervala’s global customer base through the addition of several top-tier customers in the medical device and industrial markets, Intervala said in a release.
Intervala (www.intervala.com) is a manufacturer of high-reliability, precision electronic and electromechanical products. The company said that it intends to gradually transition the Mason business, which focuses on low-to-medium volume, higher mix electronics production, to its existing manufacturing locations in the greater Pittsburgh and Boston regions.
“The acquisition of NEOTech’s Mason business presented Intervala with a unique opportunity to further advance our growth strategy and expand our customer base in key target markets,” said Teresa Huber, president and CEO of Intervala, in the release. “We commend the NEOTech team for building successful, longstanding relationships with a notable customer list and are extremely pleased to welcome these customers to Intervala.”
“Intervala was the perfect fit as the manufacturing partner for our top-tier customers in Mason,” said Kunal Sharma, president of NEOTech Inc., in the release. “The company has an outstanding reputation for its operational excellence and commitment to customer satisfaction. Although our Mason facility no longer fit NEOTech’s larger business strategy, we are delighted that the clients we served there remain in excellent hands with Intervala.”
Intervala describes itself as a full-service manufacturer of complex, high-performance printed circuit board assemblies, electromechanical systems, and cable and harness assemblies for global customers in the industrial, medical, transportation, and defense markets. According to the company, its team combines “turnkey manufacturing capabilities, a full suite of engineering expertise, new product introduction, supply chain management, and global fulfillment services to deliver smart, innovative solutions.”