Kulpsville, Penn., 5 Jan. 2007. Lancer Systems L.P. has purchased the defense and fiber optics businesses of Greene Tweed & Co. Inc.
Greene Tweed's businesses were designed to access commercial opportunities in the defense marketplace for its high-performance materials. Lancer Systems' management intends to build on these opportunities through the supply of sophisticated assembly and electronics packaging. It will use its continuing strategic materials relationship with Greene Tweed as a platform to extend its presence in demanding defense and fiber optics applications.
"Lancer intends to focus intensely on aligning its business model with the needs of the defense and fiber optics marketplace to the benefit of all involved in this supply chain," says Brian Hodges, president of Lancer Systems.
Lancer Systems will continue to operate from its Kulpsville, Penn., headquarters until its new Allentown facility is ready in the spring of 2007.
