C&K Switches acquired by European affiliate of Sun Capital
An affiliate of both Sun Capital Partners, Inc. and Sun European Partners, LLP has acquired C&K Holdings, Inc., a leading global manufacturer of electromechanical switches. Terms of the private transaction were not disclosed.
C&K was founded in 1928 and has one of the industry’s broadest product portfolios, offering more than 55,000 standard products and 8.5 million switch combinations to companies that design, manufacture and distribute electronics products. Headquartered in Newton MA, the firm employs more than 1,500 at its global design centers in Newton, Dole, France, and Huizhou, China. C&K delivers reliable, cost-effective and high-quality electromechanical switches to more than 20,000 customers in the industrial, automotive, aerospace, medical, consumer products, transportation and telecom industries.
“We are looking forward to partnering with the management team and providing advice and guidance in their efforts to expand the Company’s growth and market share,” says Marc Leder, co-CEO of Sun Capital. “This transaction highlights Sun Capital’s global investment presence, and we’re excited about the opportunity ahead.”
Jerome Nomme, managing director at Sun European Partners added, “We are excited by the high potential of this investment. The electromechanical switch market is estimated to be worth €6-billion globally and is highly fragmented. We believe C&K can improve its strong market position and cement its status as the manufacturer of choice in the sector. We look forward to working with C&K in their efforts to accelerate the Company’s profitable growth.”