Canadian company to acquire Menomonee Falls firm

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Artaflex Inc. of Ontario, Canada, has entered into a definitive agreement to acquire Menomonee Falls-based MTI International Inc.

Founded in 1975, MTI, much like Artaflex, operates in the electronics manufacturing systems (EMS) industry and specializes as a full-service provider of high-value, complex, low-to medium-volume assemblies including PCBs, final box build and system integration and to a lesser extent thick film hybrid circuits manufacturing.
The MTI workforce in Menomonee Falls is expected to be retained, according to a company spokesman.
โ€œWe are extremely pleased to begin our expansion into the U.S. with the acquisition of MTI. Their focus on manufacturing high-mix, high-reliability products in segments such as defense, aerospace, industrial, automotive and medical, as well as being centrally located in Milwaukee were key factors in our decision-making process,โ€ said Paul Walker, chief executive officer of Artaflex. โ€œOur management team at Artaflex has had significant experience acquiring and growing operations in the U.S. over the past 20 years, and with MTI as a base, we will be able to leverage that combined knowledge again.โ€
Greg Martinek, president of MTI said, โ€œWe are thrilled to join forces with Artaflex and serve as their gateway to the U.S. marketplace. Iโ€™ve known Paul for several years and have been very impressed with what he has accomplished in the EMS industry. The similarities between our two organizations are amazing from our customer-centric cultures to business doctrines to our focus on high reliability products. Artaflex is an excellent fit for MTI.โ€

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