SMT, PCB Electronics Industry News

Creation Technologies Acquires Eder Industries

Jul 09, 2003

VANCOUVER, B.C. - Creation Technologies Inc., a top 100 Electronics Manufacturing

Services (EMS) provider and expert in manufacturing complex electronics, today

announced the acquisition of Eder Industries Inc., a leading EMS provider in the U.S.

Midwest. Creation Technologies has purchased 100% of the outstanding shares of Eder

Industries, Inc. from their parent company APW Ltd. Eder�s annual revenues are

approximately US $35 million.

�We have seen a substantial increase in new customer inquiries over the past year,

particularly in the U.S., as OEM customers look for strong partners to outsource their

manufacturing to. We have been actively increasing our U.S. presence through direct

sales and manufacturing representatives and the establishment of a manufacturing

facility in the U.S. was our next step,� said Geoff Reed, CEO of Creation Technologies.

�We are very excited about our acquisition of Eder and believe they are the perfect

complement to our expanding American footprint. Eder Industries boasts a dynamic

management team and a solid list of customers. More importantly, they have developed

a corporate culture that is very similar to ours and I foresee a seamless integration of the

two companies.�

Established in Milwaukee in 1953, Eder employs 210 people and operates a 75,000

square foot facility. Eders� strong design service capabilities and innovative inventory

management processes will strengthen Creations� offerings for medium-volume,

complex manufacturing solutions. Creation will manage the Eder facility as an

independent business unit and will integrate the two companies� skills, service offerings,

processes, and sales efforts to provide best manufacturing practices across their entire

customer base. Creation also operates two manufacturing facilities in Vancouver, British

Columbia and two manufacturing facilities in Toronto, Ontario. Creation Technologies�

head office is in Vancouver, British Columbia.

�The acquisition of Eder Industries by Creation Technologies will allow us to maintain our

strong regional focus while improving our buying power, financial stability and

management depth,� said Patrick Ciriacks, General Manager of Eder. �Both we and our

customers are very pleased with this positive step in the evolution of Eder and look

forward to the benefits that will result.�

About Creation Technologies

Creation Technologies Inc. is a top 100 Electronic Manufacturing Service (EMS) provider

focused on manufacturing complex electronics for businesses in the wireless

telecommunication, medical, industrial controls, transportation and instrumentation

markets. The company employs over 800 people and provides full manufacturing

solutions from design support and new product development to final assembly,

packaging and product distribution. Creation Technologies' strong financial

management, employee ownership philosophy and commitment to investing in its

capabilities have created a highly stable partner for its� original equipment manufacturer

(OEM). The company is employee owned, with facilities in British Columbia and Ontario.

More information about Creation Technologies is available at http://www.creationtech.com.

About Eder Industries

Eder Industries is a leader in Electronic Manufacturing Services (EMS), focused on

manufacturing complex electronic assemblies for Original Equipment Manufacturers

(OEM�s). The company provides complete product realization and manufacturing

solutions to the industrial control, wireless, transportation, and instrumentation markets.

The company employs 210 team members in Milwaukee, Wisconsin and provides

complete design and manufacturing solutions.

For more information please contact:

Public Relations

Creation Technologies

604-453-3424

media@creationtech.com

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