NEWs

East West Manufacturing Completes Add-On Acquisition of North Carolina-based SureTech Assembly

2019

ATLANTA, GA – OCTOBER 29, 2019

East West Manufacturing, LLC announced today that it has acquired SureTech Assembly, Inc. (“SureTech”), a specialized provider of manufacturing, assembly, testing and rework services related to wire and cable interconnects and harnesses, electromechanical assemblies and box builds. SureTech was founded in 2000 and is located near the Research Triangle in North Carolina. The acquisition of SureTech further enhances the growth of East West and advances the Company’s strategic focus on growing its domestic electronics manufacturing capabilities and expanding U.S. manufacturing operations.

“We found the perfect partner with SureTech to expand our existing manufacturing operations in the Raleigh area.” said Scott Ellyson, East West Co-founder and CEO. “SureTech has a longstanding reputation for putting its customers first. This acquisition allows us to offer our customers even greater domestic, higher mix, lower volume, quick turn electronic manufacturing services, with a focus on specialized wire and cable interconnects and harnesses. Best of all, our collective design, manufacturing and supply chain capabilities will enable us to provide even higher levels of service and support to customers on a global basis.”

East West Board member Bob Nardelli said, “This acquisition aligns perfectly with our strategy of building our portfolio by incorporating companies offering innovative and diverse solutions to our collective and growing customer base.”

Alex Mammen, Heritage Growth Partners Founder and East West Board member added, “The addition of SureTech, our second acquisition in the Raleigh area and our third overall in North Carolina, provides East West with the ability to marry its high-volume international design, manufacturing and distribution capabilities with a well-respected, domestic manufacturer to address the full spectrum of customer needs from new product design and development to full-scale production. We expect the East West-SureTech combination to gain significant market share through these expanded capabilities, particularly within the growing corporate and public innovation centers in and around North Carolina.”

Ron Bowman, Founder and CEO of SureTech said, “The leadership team and all the associates here at SureTech are excited about becoming part of the growing East West family. Our capabilities, culture and customer first focus align perfectly. We expect the new combined company to help our customers in so many new ways!”

About East West Manufacturing, LLC

Based in Atlanta, Georgia, East West is a global design, manufacturing and distribution services partner for original equipment manufacturers and distributors throughout North America and Europe. With domestic operations in Georgia, North Carolina and Massachusetts and international operations in Costa Rica, Vietnam, China and India, the Company utilizes a global design team, transparent supply chain, on-site quality control and flexible logistics systems to provide its customers with superior products and competitive cost advantages. Founded in 2001, East West offers its customers a differentiated breadth of onshore, nearshore and offshore design, manufacturing and distribution capabilities to serve the full spectrum of customer needs ranging from new product design to full scale production and distribution.

About SureTech Assembly, Inc.

Founded in 2000, SureTech provides a wide variety of specialized manufacturing, assembly, testing and rework services related to wire and cable interconnects and harnesses, electromechanical assemblies and box builds. SureTech is an ISO 9001:2015 Certified company based in Youngsville, NC.

For more information visit: www.suretechassembly.com.

About Heritage Growth Partners LLC

Heritage Growth Partners LLC is an Atlanta-based private, family investment office focused on serving owner-managers and their companies to accelerate growth and create long-term value. Heritage takes a collaborative approach to investing, with the goal of building true partnerships with management that are enhanced by its patient and flexible family capital and its ongoing strategic, financial and operational support.

For more information visit: www.heritagegrowth.com.

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