Hammond Power Solutions Completes Asset Purchase of Micron Industries Corporation [Yahoo! Finance]
Adeia Inc. (ADEA)
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Source: Yahoo! Finance
“We are excited to welcome Micron Industries into the HPS family. The combined expertise of our teams is a significant step forward in our growth strategy to offer an even broader array of innovative solutions to our customers and strengthen our reputation for high quality products and services, especially within our OEM markets,” said Adrian Thomas, CEO of HPS. “Industrial control transformers are essential for protecting sensitive equipment and align with our focus on power quality solutions. With rising demand for US-made products in energy efficiency and automation projects, integrating Micron Industries into HPS is expected to enhance our ability to meet this growing market. Micron's US-based manufacturing strengthens our service to customers across the US and North America, supporting our domestic growth and industrialization efforts.” “We are thrilled to join forces with HPS,” said Norm Bates, CEO of Micron Industries. “Our shared vision and commitment to excellence make thi
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