Firan Technology completes $4M acquisition of Colonial Circuits
It adds US manufacturing capacity for products used in aerospace and defense applications.
TORONTO — Firan Technology Group Corp. (FTG) has acquired 100% of the outstanding shares of Fredericksburg, Va.-based circuit board manufacturer Colonial Circuits Inc. for $4 million.
Firan, an aerospace and defense electronics product and subsystem supplier based in Toronto, said Colonial’s annual sales of high-quality circuit boards for the military, space, and commercial markets is approximately $9 million.
The company said the acquisition adds US manufacturing capacity for a standard technology product used in aerospace and defense applications.
FTG has two operating units: FTG Circuits, a manufacturer of high technology, high reliability printed circuit boards; and FTG Aerospace, which manufactures illuminated cockpit panels, keyboards and sub-assemblies for original equipment manufacturers of aerospace and defense equipment.
Operations are in Toronto, Chatsworth, Calif. Fredericksburg, Va., a joint venture in Tianjin, China; and Fort Worth, Tex.