We’re excited by what the unique benefits of having CNC machining and cold forming capabilities under one roof will bring to MAROX and Sussex Wire’s customers. – Tim Kardish, CEO, Sussex Wire
Easton, Pennsylvania (PRWEB)
March 20, 2017
Sussex Wire, Inc., a global leader in miniature and micro-miniature, tight tolerance, cold formed, roll formed and 4-slide component parts, announced today the acquisition of Marox Corporation, a leading provider in CNC precision machined orthopedic implants and aerospace components. Sussex Wire’s acquisition of MAROX was backed by Argosy Private Equity, a private equity fund based in Wayne, PA with a long history of investing in and acquiring companies that manufacture highly engineered parts.
The acquisition supports the strategy of both companies to address customers’ need for more diverse manufacturing capabilities when developing tight tolerance components for their most demanding applications. MAROX and Sussex Wire’s engineering, manufacturing and quality systems are fully complementary. MAROX’s CNC Swiss Turning, CNC Milling and CNC Mill/Turn machining are a natural extension of Sussex Wire’s cold formed, roll formed and 4-slide capabilities.
MAROX and Sussex Wire will continue to operate as separate entities in Holyoke, MA, Easton, PA and Warminster, PA., with company leadership and employee support remaining the same.
“We’re excited by what the unique benefits of having CNC machining and cold forming capabilities under one roof will bring to MAROX and Sussex Wire’s customers”, said Tim Kardish, CEO, Sussex Wire, “MAROX and Sussex Wire are complementary organizations with shared value propositions of proactive customer service, engineering innovation and state of the art manufacturing technology.”