CEPS of Hanover acquires Johnson Precision

first_imgFocus Acquisition Partners is pleased to announce that CEPS, Inc. of West Lebanon, NH has completed its acquisition of Johnson Precision, Inc. (JPI). CEPS is a global provider of highly engineered plastic injection-molded components and sub-assemblies. JPI, based in Amherst, NH, is one of New England’s leading full service and vertically integrated custom mold manufacturing, machining and injection-molding companies.Focus Acquisition Partners consulted with CEPS on the transaction, which closed on January 22, 2010. Terms were not disclosed.The combination of CEPS and JPI will offer new and existing customers ongoing gold-star service and quality, together with expanded custom and value-added injection molding solutions. Jim Umland, CEPS’ CEO, will lead the combined companies, which provide highly engineered manufacturing services to a wide range of industries. About the transaction, Umland said:These two companies are a perfect fit; our combined experience and complementary capabilities enable us to offer current and new customers a broader range of services, the benefits of scale and more globally competitive pricing and lead times.About Focus Acquisition PartnersFormed in 2009, Focus Acquisition Partners is a buy-side merger and acquisition advisory firm with offices in Hanover, NH and San Diego, CA. Focus works with private equity groups and corporate clients to identify and invest in privately held companies.About CEPSFormed in 1982 as an engineering focused firm, CEPS has evolved into a full service injection molder, offering design assistance, tool building, custom injection molding, and electronic and mechanical sub assembly services. CEPS is an ISO 9001:2000 certified, global supplier with 75 percent of its sales to the scientific laboratory and medical diagnostic equipment markets.   CEPS also serves original equipment manufacturers (OEM) and contract manufacturers in other industries including aerospace, electronics, defense, industrial and transportation. About Johnson PrecisionFormed in 1981 as a manufacturer of injection mold tooling, JPI is a full service design, custom mold manufacturing, machining and injection/insert molding company serving the life science, medical, and high-end electronic and specialty device markets.  JPI is ISO 9001:2000 certified and serves a wide range of regional and national original equipment manufacturer (OEM) customers.Source: Focus. 2.16.2010.last_img

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