ATLANTA (PRWEB) NOVEMBER 14, 2017
East West Manufacturing, LLC (“East West” or the “Company”), a global design, manufacturing and distribution business, announced today that it has agreed to acquire the assets of Innovolt, an industry leading power protection and data company. The acquisition of Innovolt’s proprietary power protection and data capabilities represents a significant opportunity to enhance the growth of East West and advance the Company’s strategic focus on growing its electronics business.
“We have worked with Innovolt as a design and manufacturing partner since their early days,” said Scott Ellyson, East West Co-founder and CEO. “Innovolt has delivered hundreds of thousands of proprietary products to support their customers for a decade – we want to continue to serve these customers and markets with the same leading technology and support. Best of all, our own design, manufacturing and supply chain capabilities will enable us to provide even higher levels of service and support.”
East West Board member Bob Nardelli said, "This acquisition aligns perfectly with our strategy of building our portfolio by incorporating companies offering innovative products to their customers.”
Alex Mammen, Heritage Growth Partners Founder and East West Board member added, "The acquisition of Innovolt, a long-time customer, based right in Atlanta, is a perfect fit for East West. The Company has a deep understanding of the product and the market, and we expect Innovolt and its distribution partners to gain significant market share with the addition of East West’s global design, manufacturing and distribution capabilities."
Founded in 2006 inside Georgia Tech’s ATDC technology incubator, Innovolt possesses a unique technology that provides its customers with solutions to decrease downtime associated with power disruptions.
About East West Manufacturing, LLC
East West is a leading Atlanta-based design services and global contract manufacturing partner for original equipment manufacturers and distributors throughout the United States and Europe. With operations in Vietnam, China and India, the Company utilizes transparent supply chain, on-site quality control and logistics systems to provide its customers with superior products and competitive cost advantages. Founded in 2001, East West’s U.S.-based management combined with its international capabilities reduces the risks and complexities of global manufacturing for its customers. For more information please visit: http://www.ewmfg.com.
About Heritage Growth Partners LLC
Heritage Growth Partners LLC is an Atlanta-based private, family investment office creating long-term value for its family investors and company management team partners. Heritage takes an active approach to investing, with the goal of accelerating growth and performance through financial, strategic and operational assistance and increasing access to key customers and decision makers. For more information visit: http://www.heritagegrowth.com.