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Fralock Holdings, LLC, a leading developer and manufacturer of engineered materials solutions for critical applications, announced the acquisition of Lenthor Engineering, Inc., one of the largest privately owned companies in North America that designs, manufactures and assembles flex and rigid-flex printed circuits. Fralock is a portfolio company of Arsenal Capital Partners.
Lenthor services its impressive customer roster with design flexibility and products that provide space and weight savings, high reliability, durability and cost savings in production. The company's innovations and investments in advanced technologies are targeted at mission critical applications in high-value industries such as Defense & Aerospace, Medical Device OEM, Industrial & Telecom, and Semiconductor.
Fralock adds world-class flex circuit boards to suite of products
"Lenthor's advanced capabilities in flexible circuit design and manufacturing, and its leading position in high-value market segments make it a perfect complement to Fralock's core business," said Marc Haugen, CEO, Fralock Holdings. "We believe that Lenthor's expertise and strong executive team, as well as its strong strategic customer relationships especially in our overlapping market segments, makes Lenthor an excellent addition to our expanding engineered materials solutions platform."
Fralock's applications are used in a variety of ways that impact our lives, including equipment used to manufacture semiconductors, medical treatment, imaging and patient monitoring devices, and Defense applications, satellite and spacecraft components. This new acquisition will enable Fralock to expand its market position and to better serve its existing end markets from the products created by Lenthor.
"My team and I take extreme pride in building complex Flex assemblies and providing full end-to-end capabilities that deliver plug and play solutions, eliminating the need for additional contract manufacturing," said Mark Lencioni, President, Lenthor. "We know that Fralock shares our commitment to excellence, superior products and customer service. We look forward to working closely with Marc and his team to continue to nurture our valued customer relationships and develop new ones."
The acquisition adds over 160 new associates, building upon Fralock Holdings' deep technical expertise and bench strength.