PHOENIX, Dec. 12, 2007 (PRIME NEWSWIRE) -- Suntron Corporation ("Suntron") (Nasdaq:SUNN), a leading provider of integrated electronics manufacturing solutions, announced today that its 90% stockholder, SUNN Acquisition Corporation ("SUNN"), completed the privatization of Suntron first announced and described in a press release dated October 3, 2007. As a result of the transaction, the former common stockholders of SUNN now own 100% of Suntron's common stock, and public trading of Suntron's common stock has ceased.
"We believe the costs associated with being a public company in today's environment exceed the benefits for Suntron and we look forward to aligning our resources with the needs of our customers," stated Paul Singh, Suntron's President and Chief Executive Officer. "Customer satisfaction has been high, we are winning new business at a faster pace, and improvements made in our operating efficiencies will enhance our ability to deliver even better service to our customers," concluded Mr. Singh.
About Suntron Corporation
Suntron delivers complete manufacturing services and solutions to support the entire life cycle of products in the industrial, semiconductor capital equipment, aerospace and defense, networking and telecommunications, and medical markets. Headquartered in Phoenix, Arizona, Suntron operates five full-service manufacturing facilities and two quick-turn manufacturing facilities in North America. Suntron is involved in product design, engineering services, cable and harness production, printed circuit card assembly, box build, large scale and complex system integration, commercial off-the-shelf integration and test.
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Visit www.suntroncorp.com or call 888-520-3382 for more information.