EXXELIA GROUP ACQUIRES DeYOUNG MFG., INC. (DMI)
Respected Designer and Manufacturer of Aerospace Transformers & Inductors Joins Exxelia Group
Positions Exxelia Group to Capitalize on Growth in the Pacific Northwest Commercial Aerospace Market
Third Acquisition for Exxelia Group in the Transformer and Power Conversion Space in Past 12 Months
DeYoung MFG will be managed as part of Exxelia's Magnetics' Strategic Business Unit
Paris, France – 2 May 2016. Exxelia Group today announced that it has acquired Seattle area DeYoung Mfg., Inc. (aka DMI), a highly respected designer and manufacturer of high reliability electromagnetic products serving the North American aerospace, medical and industrial markets.
“The DMI acquisition directly supports our Magnetics SBU expansion strategy. DMI’s strategic location in the Pacific Northwest aerospace market provides a key geographic location for driving growth and profitability,” said François Vignaud, Exxelia Magnetics’ SBU VP. “DMI is highly regarded for the quality of its products and the operational performance of its organization. DMI products can be found on most major commercial aerospace platforms, supporting in flight power, lighting and entertainment sub-systems.”
“We welcome DMI into the Exxelia Group,” said Exxelia USA President Michael Thomas. “During its 40-plus years in business, DMI has built solid customer relationships with a strong brand reputation in the aerospace, medical and other high-reliability magnetics markets. Acquiring DMI creates the potential for both revenue and cost synergies related to cross selling and procurement savings as we leverage Exxelia Group’s broader global supply chain and operational excellence practices to support DMI’s operations.”
According to Martin DeYoung, President & CEO of DMI, “We are excited to now be a part of Exxelia's growth and expanded product offerings. The DeYoung’s recognized a shared business culture driven by a passion for quality and customer loyalty. By joining Exxelia Group we achieve a goal of meeting our strategic growth objectives while protecting our long standing relationships with our key aerospace customers and their contract manufacturers.”
“This acquisition addresses our aerospace customers increasing requirements for global manufacturing access and timely support” stated Eric DeYoung, VP of Operations at DMI. “Together, we have global reach with the capability to serve our customers – whatever their size, location, or aerospace industry sector with one of the most comprehensive and competitive groups of design and manufacturing capabilities.”
Visit Exxelia USA at www.exxeliausa.com
Group at www.exxelia.com
About DeYoung Mfg, Inc.: DMI has been a trusted provider of quality custom electro-magnetic components since 1972. Precision performance has made DeYoung Mfg. a leader in the industry for meeting the requirements of aerospace, medical, military and commercial industries with quality registrations for ISO9001 and AS9100C. DMI’s offices, engineering, and manufacturing facilities are located in Kirkland, WA.
About Exxelia Group: For over 50 years, Exxelia Group has been focusing its business on the design and manufacture of innovative high-tech solutions (capacitors, filters, precision mechanics, position sensor, slip rings, and wound magnetic components for the harshest environments).
As one of four Strategic Business Units within Exxelia Group, Exxelia Magnetics partners with global manufacturers in the aerospace, defense, space, rail, oil & gas, medical and other business-to-business industries to provide highly engineered transformers, inductors, and electromagnetic devices giving them the benefits of an appropriate technological, logistical, and cost effective solution. Exxelia Magnetics manufactures in 7 locations worldwide: Illange and Antigny, France; Casablanca, Morocco; Ho-Chi-Min City, Vietnam; Rochester, NY and Orlando, FL.
President, Exxelia USA
President, Exxelia DeYoung Inc.