Sigma Electric Manufacturing Corporation has announced the acquisition of Microcast Technologies Mexicana (“Microcast Mexico”), a subsidiary of (“Microcast New Jersey”) for an undisclosed amount. Microcast Mexico sells products to the renowned customers in North America, primarily in the lighting, telecom, and marine end markets. The combination of Microcast Mexico and Sigma brings several strategic benefits to customers of both companies as they manage their complex global supply chains and want to deal with more capable suppliers.
Viren Joshi, Chief Executive Officer and President, Sigma Electric, says, “We are excited about the acquisition, and warmly welcome Microcast Mexico as a part of the Sigma Electric. Due to the excellent synergy between the companies' service portfolios and operative models, this acquisition will add value for both Microcast Mexico’s and Sigma Electric’s customers, as together we create a more comprehensive products and service offering with strengths from the both companies.” The new entity will be rebranded as Sigma Electric Mexico.