NEWTOWN SQUARE, Pa., 10 April 2008. Graham Partners, a privately held investment firm in Newtown Square, Pa., has acquired communications products manufacturer B&B Electronics Manufacturing Co. in Ottawa, Ill., to tap into the device retrofit market.
"The opportunity in the manufacturing industry to retrofit the large installed base of legacy machines with networking devices is significant," says Rob Newbold, managing principal of Graham Partners.
"We can attest to this as many of our middle-market manufacturing companies are either contemplating or in the process of converting their equipment to a networked environment," Newbold continues. "This trend, coupled with the B&B Electronics unique direct marketing approach, should sustain the company's leading position in its market niche and propel it to new sales levels."
B&B Electronics builds communication products and sells them in the U.S. and European industrial markets. Its customers are middle-market manufacturers and utilities employing relatively old industrial equipment that has not been networked or that operates on disparate technologies.
B&B Electronics networking products are for rugged industrial environments and allow several technology interfaces (Ethernet, USB, wireless, serial, etc.) to operate within a customer's network.
The addressable market of B&B Electronics in the industrial networking sector totals about $600 million, and should grow at compounded annual rates of more than 20 percent, say market researchers who work for Graham Partners.
For more information contact Graham Partners online at www.grahampartners.net. or B&B Electronics at www.bb-elec.com.