Wednesday, August 27, 2008
EMRISE Sells PCB Division
Rancho Cucamonga-based EMRISE Corporation, a manufacturer of defense and aerospace electronics, said Wednesday that it has sold the assets of its printed circuit board business to Sierra Circuits. EMRISE's PCB business, EMRISE Circuit Division, was based in Monrovia, California. According to EMRISE, Sierra will pay $160,000 for the assets of ECD. EMRISE said the sale is a part of a strategic plan to divest the firm's non-core assets and reduce acquisition debt at the company. EMRISE will shut down the firm's facility and close the building in which its PCB division operated in; impact on employment and jobs was not disclosed.