BRONX, NEW YORK SEPTEMBER 30, 2010
Roanwell Corporation, a leading audio designer and manufacturer of headsets, handsets, microphones, earphones, and accessories for military and commercial communications, today announced it has completed the acquisition of Paramount Cords & Brackets Inc., a New York-based manufacturer of low voltage connectors, sync cords, cables, custom connectors and brackets. Paramount has been a leading provider of professional photographic equipment, as well as medical & audio cables, cord sets and custom connectors for more than 50 years.
Barbara LaBarre, Roanwell CEO said, “…Paramount complements and diversifies our existing business. Paramount’s capability to design and manufacture molds, connectors and perform overmolding will enhance Roanwell’s commercial and military pricing competitiveness. Furthermore, Paramount’s business will receive a boost through Roanwell’s military sales channels.” LaBarre said she expects a modest increase in revenues at both entities. She said, “We are very excited about the synergies provided by this transaction and look forward to executing on our growth strategies.”
Jonathan LaBarre, Roanwell President & COO said, “Roanwell will now have a state-of-the-art in-house tool room enabling design work, rapid tool making and injection molding under one roof. Paramount’s capabilities mean more tools in the toolbox of solutions that we can provide to our customers.”
To learn more about paramount cords and to see their complete product catalog please visit www.paramountcords.com