Waltham, MA – April 3, 2017
For Immediate Release
KODA Enterprises Group announced today the acquisition of V-TEK, Inc., headquartered in Mankato, Minnesota and its subsidiaries, V-TEK Mexico located in Guadalajara Mexico and Royce Instruments located in Napa, California.
V-TEK, Inc., through its V-TEK and Royce Instruments product lines, is a leading manufacturer of precision packaging, inspection, and bond testing equipment for the electronics, automotive/aerospace, medical, micro-molding, and microstamping industries. They are also a major provider of precision packaging supplies, packaging services, and electronic inspection/rework. The Company will continue to operate with its existing management at its current locations in Mankato, Napa, and at its Mexico locations in Guadalajara, Reynosa, and Queretaro.
According to James H. Peden (Jim), KODA Enterprises Chief Operating Officer, “As we got to know Mitch Jacobs, President and CEO and his management team we became convinced of their ability under KODA’s ownership to continue the remarkable progress of V-TEK to further grow and develop the company and build upon its market leadership.”
“We are pleased to have found KODA to partner with through this change in ownership” said Mitch Jacobs. “KODA shares our vision of advancing our position as a global leader. This provides V-TEK a platform for growth and enables us to aggressively pursue both organic product development and those strategic acquisitions that secure V-TEK’s bright future.”
KODA Enterprises Group located in Waltham, Massachusetts, is a middle market private investment firm that concentrates on companies in niche markets that have the potential to benefit from the financial strength and operational expertise KODA provides to its portfolio companies.
For further information contact:
James H. Peden, Chief Operating Officer
KODA Enterprises Group, 423-756-8891 firstname.lastname@example.org
Janice Hodson, Director of Corporate Development
KODA Enterprise Group, 513-846-3864 email@example.com