Ohmite Manufacturing announces acquisition of Wakefield Solutions

Date Announced: 04 Apr 2012 Arlington Heights, IL - Ohmite Manufacturing, a leading provider of resistors for high current, high voltage and high energy applications, is pleased to announce that its corporate parent, Heico Company LLC, has acquired Wakefield Solutions. Heico LLC is a Chicago based acquisition firm that invests in traditional manufacturing companies worldwide. The acquisition of Wakefield, a designer and manufacturer of thermal management solutions and aluminum extrusions for numerous industries, complements Ohmite’s industry-leading selection of resistors. Ohmite, headquartered in Arlington Heights, Illinois and founded in 1925, specializes in manufacturing and supplying power resistors to the medical, military, transportation, avionics, and general industrial sectors. Wakefield, headquartered in Pelham, New Hampshire, has high penetration in similar markets. Wakefield’s fabrication products include extruded heat sinks, active cooling components, stamped and low power heat sinks, and precision compression mounted clamp systems. Kevin Kreger, former Vice President of Operations at Ohmite, will assume the role of President of Wakefield, while Greg Pace, former Vice President of Sales and Marketing at Ohmite, will assume the duties of President at Ohmite. Both companies are a part of Heico’s Ancra Group of companies.“This acquisition will provide the power electronics market with a one-stop shop for complete thermal solutions,” explained Steve Frediani, ANCRA Group President. “The combined resources of Wakefield and Ohmite will benefit Heico’s international customer base with high penetration in key markets.”About OhmiteOhmite Manufacturing Company has been a leading provider of resistors for high current, high voltage and high energy applications for over 80 years. Ohmite’s full complement of products includes wirewound, wire element, thick film, and ceramic composition resistors, in addition to variable voltage controls and heat sinks. Founded in 1925, Ohmite continues to offer a broad selection of Power Resistors to worldwide customers in the industrial, medical, military, and aerospace industries. Through ongoing product development, Ohmite continues to provide the latest in resistor technology required by today's sophisticated circuit designs. For more information, visit www.ohmite.com or follow Ohmite on Twitter and Facebook. About WakefieldWakefield Thermal Solutions is one of the world’s leading vertically integrated designers and manufacturers of branded aluminum thermal management solutions and aluminum extrusions. Based in Pelham, NH, Wakefield’s fabrication products include extruded heat sinks, active cooling components, stamped and low power heat sinks, and precision compression mounted clamp systems. Wakefield’s extrusion operation manufactures nearly all of the extruded aluminum needed for its thermal management products, and also manufactures custom and catalog aluminum extrusions for external sales. Founded in 1957, Wakefield operates facilities in Pelham, NH, Watertown CT, and Cary, NC, as well as a sourcing office in China.

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