Arsenal Capital's Fralock acquires Career Technologies USA
Fralock, an engineering and manufacturing provider of specialty material solutions for technically challenging and mission critical applications, announced today that it has completed the acquisition of Career Technologies USA (Career Technologies).
Fralock is a portfolio company of Arsenal Capital Partners (Arsenal), a specialised private equity firm with strong expertise in the specialty materials industry.
Career Technologies, with three facilities in the greater Los Angeles area, is a leading provider of engineering and manufacturing solutions. The company focuses on integrating various materials and components for demanding applications and technologies, including flexible and rigid-flex circuits and related assemblies, for the medical device, aerospace, and other specialty markets.
Both Fralock and Career Technologies focus on thermal and electrical management technologies in challenging applications. The addition of Career Technologies broadens Fralock’s processing capabilities, and the combined portfolio of manufacturing process includes lamination, bonding, forming, machining, broad cutting technologies, surface coatings, surface treatments, etching, component integration, and materials integration of polymers, metals, and composites. In addition, the acquisition strengthens Fralock’s position in its key end markets, mainly medical, life sciences, semiconductor equipment, electronics, space, industrials, and defence.
Fralock’s CEO Marc Haugen says: “Our strategic customers will benefit from the combined capabilities of Fralock and Career Technologies. We continue to build our platform for delivering engineered solutions of specialty materials for applications in technically challenging and severe environments, which our customers depend on. The addition of Career Technologies gives us significant additional capabilities as well as increases our strong position in our core markets”.
Co-founder of Career Technologies, Armen Hayrapetian, says: “We have known Fralock for more than two decades, and we are thrilled to join forces. With a combined offering, we will have a wider range of components, design, technology integration and manufacturing capabilities to serve customers together. We are excited to work with our new partners to expand our technology portfolio, supply new customers, be more competitive, and offer greater opportunities for our employees.”
Fralock and Career Technologies will continue to operate in their existing locations in the greater Los Angeles area, supporting their global customer base.