FOR IMMEDIATE RELEASE
Gowanda Holdings, LLC Announces the Acquisition of TTE, Inc.
Gowanda, NY – January 9, 2014
Gowanda Holdings, LLC, an Addison Capital portfolio company, announced today that it has acquired the business of specialty RF and Microwave Filter manufacturer, TTE, Inc. Terms of the deal were not disclosed.
“This transaction will enhance the position of both TTE and Gowanda Electronics in the electronics community. TTE’s line of RF and microwave filters complements Gowanda’s microwave, RF and power inductors, which are sold to many of the same markets and customers. That, along with a mutual focus on high-performance and high-reliability designs, will provide opportunities for growth in strategically significant markets by providing enhanced solutions to customer challenges”, said Gowanda Electronics COO Claude Badawy.
About Gowanda Electronics Corp.
Headquartered in Gowanda, NY, Gowanda Electronics Corp. designs and manufactures application-specific and standard inductors for RF, microwave and power applications in the OEM marketplace. For 50 years, Gowanda’s technical expertise, custom capabilities, lead and lead-free (RoHS) designs and ISO, QPL, AS and other certifications have established the company as a leading supplier of high-performance magnetic and non-magnetic components.
Key markets serviced include Medical & Diagnostic Equipment, Military & Defense, Aerospace, Test & Measurement, Communications and other industrial applications. Product offerings include Thru-hole & Surface Mount RF Inductors, Pot Cores, Thru-Hole & Surface Mount Toroid Inductors & Transformers, Tunable Coils, Power Magnetics, Common-Mode Chokes, Transformers, Micro & Ultra-miniature and Ruggedized designs. For more information please go to www.gowanda.com.
Headquartered in Los Angeles, CA, and founded in 1956, TTE designs and manufactures, domestically, high reliability RF and microwave filters servicing a range of critical, high performance, end markets including Defense, Aerospace and Test & Measurement. For more information please go to http://www.tte.com
About Addison Capital
Addison Capital is a private equity investment firm that seeks out partnerships with owners and operators of lower middle market growth companies to provide liquidity, growth capital and management resources to grow and build exceptional enterprises. For more information please go to https://www.addisoncapitalpartners.com.
For more information on this transaction please contact
Brian Miller at Addison Capital