Virginia manufacturer acquires Suffield’s Arcor Laser
HBJ Photo | Gregory Seay
Gary Francoeur, owner of Arcor Laser Services LLC in Suffield.
A Virginia-based manufacturer for medical device, life sciences, automotive and defense companies, has expanded its Northeast presence with the acquisition of Suffield’s Arcor Laser Services LLC.
Cadence Inc., which also has locations in Rhode Island and Pennsylvania, on Wednesday announced it acquired Arcor for an unspecified sum.
Arcor, specializing in advanced laser welding, laser cutting, macinging, marking and micro-drilling services, has expanded its operations twice in the past six years.
Last spring, the laser-services operation began leasing an additional 24,000-square-foot facility near its more than 12,000-square-foot Kenny Roberts Memorial Drive headquarters in Suffield, and set plans to add about 10 new workers to its 90-person payroll.
Originally based in Windsor, Arcor relocated to Suffield in 2013.
Arcor founder Gary Francoeur said this week’s deal represents the company’s next stage.
"Cadence is a great complement for our current manufacturing capabilities and we serve similar medical device and industrial markets,” Francoeur said. “We see strong opportunities for growth and believe that Cadence has the team and the resources that will enable us to do so."
Francoeur also helped launch Joining Technologies LLC, an East Granby vendor that uses electron-beam and laser technology to bind metals, with his brother, Michael Francoeur, in 1992.
Most Recent
Most Recent
0 Comments