April 17, 2023 12:00 AM | Covington Associates
April 17, 2023 (Boston, MA) – Covington Associates, a leading middle market investment bank announced its role as exclusive financial advisor to Eastprint Incorporated, a printed electronics solutions provider, in the sale of its business to East West Manufacturing, LLC, an integrated design, engineering, manufacturing, and distribution services partner for original equipment manufacturers and distributors throughout North America and Europe.
The acquisition of Eastprint delivers to East West differentiated capabilities in printed electronics and human machine interface (HMI) technologies, with applications across membrane switches, printed electronics, in-mold electronics, biosensors, and wearables. In addition, East West will benefit from Eastprint's strong customer relationships in highly attractive end markets, especially medical products, and expand its footprint in Massachusetts and Mexico.
Scott Ellyson, CEO and Co-Founder of East West, said, "We are thrilled to welcome Tom Bianchi and the talented Eastprint team to East West and extend our end-to-end capabilities. As a pioneer in the printed electronics, Eastprint will enable us to enter the highly attractive screen printed electronics and human machine interface space in a meaningful way, putting us in a strong position to accelerate growth. We look forward to supporting our customers with an even broader set of capabilities, from product inception to full-scale production on a global basis."
Tom Bianchi, Vice President and Managing Partner of Eastprint, said, "By joining forces with East West, our team will be well positioned for future growth and to drive innovation. We are excited to bring a more differentiated and comprehensive set of printed electronics and HMI technologies solutions to customers around the world."
Based in North Andover, Massachusetts and founded by the Bianchi family, Eastprint has been designing and manufacturing membrane switches since 1978. Today, its capabilities extend to HMI technologies, including membrane switches, silicone rubber keypads, IML/IMD overlays, and touchscreens, as well as other printed electronics categories, such as screen printed electrodes and capacitive touch films. Eastprint also offers its customers solutions in wearable technology, such as smart clothing and e-textiles, and medical and healthcare devices.
East West provides a comprehensive and integrated set of product realization capabilities to a leading and high-growth customer base. With U.S. operations in Georgia, North Carolina, Wisconsin, Massachusetts and Texas, and international operations in Canada, Costa Rica, Mexico, Vietnam, China, and India, East West uses a global design team, transparent supply chain, on-site quality control, and flexible logistics systems to provide its customers with superior products and competitive cost advantages.
East West addresses the full spectrum of needs of SMB and enterprise customers in high-growth end markets such as automation and robotics, industrial technology, fitness and medical devices, and smart devices and IoT. Its key capabilities include:
ABOUT COVINGTON ASSOCIATES
Covington Associates is an investment banking firm offering advisory services in the areas of mergers and acquisitions (“M&A”), capital raising and strategic advisory to middle-market companies across the Healthcare, Business Services, Consumer & Industrial, and Technology verticals. Founded in 1991 and based in Boston, the vision for Covington has been to provide clients with the highest caliber of senior-level attention and to remain an advice driven and results focused organization. Since its inception, Covington Associates has completed over 350 transactions globally for both private and publicly traded companies totaling over $30 billion. Further information can be found at https://www.covllc.com/our-firm-covington-associates.
Eastprint Incorporated is a global leader in the Printed Electronics industry with Manufacturing facilities in North Andover Massachusetts USA, Ciudad Juarez CHIH, Mexico and Guang Dong Shenzhen China. They have been manufacturing and designing membrane switches since 1978 which makes them one of the very first Printed Electronic companies. Their solutions-oriented approach, engineering experience and expertise and breadth of design and manufacturing capabilities allow them to confidently take on any project challenges. From providing US based design assistance to low labor cost manufacturing locations they deliver a finished product on time, with exceptional quality at the right price.
ABOUT EAST WEST MANUFACTURING, LLC
Based in Atlanta, Georgia, East West provides a comprehensive and integrated set of product realization capabilities to a leading and high-growth customer base. With U.S. operations in Georgia, North Carolina, Wisconsin, Massachusetts, and Texas, and international operations in Canada, Costa Rica, Vietnam, China, India, and Mexico, the company utilizes a global design team, transparent supply chain, on-site quality control, and flexible logistics systems to provide its customers with superior products and competitive cost advantages. Founded in 2001, East West offers its customers a differentiated breadth of onshore, nearshore, and offshore design, engineering, manufacturing, and distribution capabilities to serve the full spectrum of customer needs ranging from new product design to full scale production and distribution.
Eastprint acquired by East West