Angstrom Group announce that on Sept. 18, Vantec LLC a division of Angstrom Group acquired Vantec Inc. and will operate out of Vantec Inc.’s former Iowa and Nebraska facilities. As an Angstrom Group company, Vantec LLC will join the Angstrom Group family of companies servicing the global automotive and industrial markets and continue to provide a stable and expanding platform for its customers.
“The acquisition of Vantec Inc. fits the Angstrom Group model and continues to build on a strategy of establishing Angstrom as a vertically integrated company and the industries “One Stop Shop” location for world class automotive and industrial components and assemblies,” said Nagesh Palakurthi, president and CEO of Angstrom Group. “We are confident that this addition will continue to strengthen and complement our value proposition to our customers.”
Vantec processes a large number of products and plastic components for a broad base of diverse customers. Industries include vehicle parts and accessories, HVAC products, beverage dispensing equipment, and construction and home products. The company currently operates 49 injection molding machines, which are serviced through a centralized state-of-the-art resin feeding system, allowing rapid and efficient transition from one project to another.
According to Angstrom, the Vantec culture emphasizes exceptionally high-quality manufacturing as fundamental to all operations. The company originally became ISO-certified in 1994, when it was the 14th custom injection molded company in North America to achieve such certification.
Foley & Lardner LLP represented Angstrom Group in the transaction.
