Retrieved on:
Thursday, August 10, 2023
TAIPEI and HONG KONG, Aug. 10, 2023 /PRNewswire/ -- Lorom Holding Co., Ltd. ("Lorom"), a leading manufacturing solutions provider focusing on specialized cable manufacturing and assembly, today announced that it has merged with In-Tech Holdings (Cayman) Limited ("In-Tech"), an electronic manufacturing and development services company serving the automotive, aerospace, medical, marine, banking, security and wireless communication network industries. Terms of the transaction were not disclosed.
Key Points:
- In-Tech is a global provider of customized interconnect solutions and electronic manufacturing services, specializing in demanding, fast-growing and highly regulated end markets.
- In October 2019, Lorom partnered with Cornell Capital LLC ("Cornell Capital"), a private equity firm based in New York and Hong Kong, with a shared vision to accelerate Lorom's continued growth across Asia, Europe and North America and further strengthen its financial performance.
- In December 2022, Lorom acquired Segue Manufacturing Services ("Segue"), a leading North American electronics manufacturer, to expand Lorom's service offerings and diversify its global manufacturing footprint.
- BDA Partners is acting as financial advisor and Davis Polk & Wardwell LLP is acting as legal advisor to Cornell Capital and Lorom.
TAIPEI, Taiwan, April 3, 2023 /PRNewswire/ -- Lorom Holding Co., Ltd. ("Lorom" or the "Company"), a leading manufacturing solutions provider focusing on specialized cable manufacturing and assembly, today announced the appointment of John X. Zhang, Ph.D., as Chief Executive Officer, effective immediately. Dr. Zhang succeeds Michael Yi-Hua Chung, who will leave the Company to pursue other interests. Mr. Chung will remain involved with the Company as a member of the Company's Taiwan subsidiary's Board of Directors.
Key Points:
- TAIPEI, Taiwan, April 3, 2023 /PRNewswire/ -- Lorom Holding Co., Ltd. ("Lorom" or the "Company"), a leading manufacturing solutions provider focusing on specialized cable manufacturing and assembly, today announced the appointment of John X. Zhang, Ph.D., as Chief Executive Officer, effective immediately.
- Mr. Chung will remain involved with the Company as a member of the Company's Taiwan subsidiary's Board of Directors.
- Previously, he served as CEO at Laird Performance Materials ("Laird"), a global leader in engineered advanced thermal and electromagnetic solutions.
- "Dr. Zhang is a proven leader who will position Lorom for continued growth and success," said Joyce Hsu, Chairperson at Lorom and Chair of Asia at Cornell Capital.
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Tuesday, February 14, 2023
TAIPEI and BILLERICA, Mass., Feb. 14, 2023 /PRNewswire/ -- Lorom Holding Co., Ltd. ("Lorom"), a leading manufacturing solutions provider focusing on specialized cable manufacturing and assembly, today announced that it has acquired Segue Manufacturing Services ("Segue"), a global contract electronics manufacturer specializing in custom electromechanical, cable assembly and engineering services for the medical sector. Terms of the transaction were not disclosed.
Key Points:
- TAIPEI and BILLERICA, Mass., Feb. 14, 2023 /PRNewswire/ -- Lorom Holding Co., Ltd. ("Lorom"), a leading manufacturing solutions provider focusing on specialized cable manufacturing and assembly, today announced that it has acquired Segue Manufacturing Services ("Segue"), a global contract electronics manufacturer specializing in custom electromechanical, cable assembly and engineering services for the medical sector.
- "We are pleased to welcome Segue to the Lorom family and look forward to supporting its future growth," said Joyce Hsu, Chairperson of Lorom and Chair of Asia at Cornell Capital.
- "This strategic transaction provides Segue with multiple growth opportunities, including additional manufacturing capacities on an international scale and the ability to leverage additional engineering support," said Brian Desmarais, Chief Executive Officer of Segue.
- "As demand for electrification around the world grows, Lorom and Segue represent two complementary businesses that are poised to capitalize on the increasing shift toward high-quality, outsourced manufacturing," said Allen Chu, Partner and Head of Asia of Cornell Capital.
