Sparton completes acquisition of Video Display subsidiary

Sparton Corporation (SPA) announced that on August 30 its wholly owned subsidiary, Sparton Aydin, completed the transaction to acquire certain assets and liabilities of Aydin Displays, an $18M revenue business, in an all-cash transaction. Aydin Displays is a subsidiary of Video Display Corp. (VIDE) that develops enhanced flat panel display and touch-screen solutions with application-critical performance criteria for the Military & Aerospace and Civil Marine. The transaction was funded through Sparton’s existing cash balances and borrowings under the credit facility currently in place with BMO Harris Bank.

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