News Simmonds buys Circuit World in exchange for common stock
Jan 1, 1997 12:00 PM
Simmonds Capital Limited (SCL), Willowdale, Ontario, Canada, is selling its SCL Electronics subsidiary to Circuit World (CW) in exchange for CW stock. SCL then will own 60% of CW stock, gaining control of CW and retaining control of SCL Electronics. CW is a Canadian manufacturer of multilayer printed circuits for telecommunications and information processing.
SCL controls Intek Diversified, Los Angeles, which owns Midland USA, a Kansas City, MO-based manufacturer of land mobile radio equipment. A sale of Intek to Securicor Group, Surry, UK, is pending.
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