News Simmonds buys Circuit World in exchange for common stock
Simmonds Capital Limited (SCL), Willowdale, Ontario, Canada, is selling its SCL Electronics subsidiary to Circuit World (CW) in exchange for CW stock.
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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