SUBSEQUENT EVENT

9 Months Ended

Sep. 30, 2018

SUBSEQUENT EVENT [Abstract]

SUBSEQUENT EVENT

14.SUBSEQUENT EVENT

On October 1, 2018, the Company completed the acquisition of BCMZ Precision Engineering Limited, a UK manufacturer of precision machined components, for approximately $2.6 million in cash.  The final purchase price remains subject to certain adjustments related to working capital.  The transaction was funded with cash on hand.

BCMZ has a diversified portfolio of customers in the automotive, aerospace, defense, telecommunication, fibre-optic and medical industrial sectors and has been a long-term key supplier of precision machined components for our Cinch Connectivity Solutions UK business.  BCMZ is additionally expected to give Cinch the capability to continue to support key defense and industrial customers across Europe with localized in-house machining ability. The purchase price allocation was still in progress and was not available at the time of filing of this Quarterly Report.