Roanwell Enters Marine Market: Acquires Bees Manufacturing

Press Release
Tuesday, December 04, 2012

US-based Roanwell Corp. purchases Bees Manufacturing LLC gains entry to marine market.

Roanwell, a maker of rugged communications equipment and contract manufacturer of high precision close tolerance machined parts, will be able to enter the marine marketplace through the acquisition.

Bees Manufacturing, LLC, ("Bees"), est. 1929, of Weymouth, MA, is a contract manufacturer of various alloy and plastic precision machined components for OEMs in the deep sea marine, medical, and industrial markets.   

Bees manufacturing operations will merge into Roanwell Corporation's Absolute Manufacturing Division, located in Pepperell, MA.  The name "Bees" will be discontinued as products will be shipped under the Absolute Manufacturing name.  Absolute Manufacturing specializes in precision machining and assembly of close tolerance parts made from challenging materials such as stainless steel, aluminum, nickel alloys, titanium and other engineered materials.  The company provides multi-axis CNC machining, turning, assembly, and program management for the medical, defense and industrial markets.

"The acquisition of Bees Manufacturing is part of Roanwell's growth strategy of growing its customer base of engineered close tolerance precision machined parts in its already established medical and industrial markets, as well as expanding manufacturing in the deep sea marine market," said Jonathan LaBarre, President of Roanwell Corporation.

 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter March 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Chevron Suffers Loss, Plans Job Cuts

Chevron Corp. reported a first-quarter loss as slumping oil prices continued to drag down revenue. The company said that it is "on target" to lay off a total of 8000 workers by the end of 2016,

China COSCO to be First through the Expanded Panama Canal

China COSCO Shipping has won the draw for its container vessel Andronikos to make the ceremonial first transit through the Expanded Panama Canal during the waterway’s inauguration on Sunday, June 26.

Sellick Equipment to Open New Facility

On April, 20, 2016, at the young age of 97 years, Walter Sellick along with sons Howard Sellick - President, David Sellick - Vice President and grandson Colin Sellick - Systems Manager,

Mergers & Acquisitions

EU Clears CMA CGM, NOL Merger, with Conditions

The European Commission said on Friday it had cleared French shipping group CMA CGM's $2.4 billion takeover of Neptune Orient Lines on condition that NOL pulls out from a rival shipping alliance.

Fitch: M&A, Not Alliances to Help Revive Container Shipping

The following statement was released by the rating agency: Mergers and acquisitions, rather than the historically more popular alliances, are inevitable to address

ST Engineering Injects $66m into VT Systems

Singapore Technologies Engineering Ltd (ST Engineering) today announced that it has injected US$66m (approximately S$89m) into the capital of its US Headquarters, Vision Technologies Systems, Inc.

 
 
Maritime Careers / Shipboard Positions Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0882 sec (11 req/sec)