LONDON The Compstock Electronics name, one of the oldest brands in U.K. electronic components distribution, is to disappear as its parent company, UMECO Components, restructures its electronic components business.
UMECO acquired Compstock as part of the ASED group from TI Group in July 1999 at a total cost of £11.8million. Compstock was formed in 1975 and was originally located at Stanford-le-Hope, Essex and moved to a new facility in Basildon in 2001.
Following a strategic review of its operations, UMECO Components has created an integrated electronics division within its Pattonair operation, a provider of components and services to the aerospace and defence industry in Europe, with a developing presence in the Middle East and Asia.
Pattonair will now support all the aerospace and defence customers previously handled by Compstock Electronics, and will retain an external and internal sales and marketing team based in Basildon and expand its range through a deal with U.S. distributor, Airtechnics.
Distribution and finance is to be provided from Pattonair’s facility in Woking and the company says the integration of these support functions will generate significant cost savings. Those savings are to be reinvested in customer facing staff, to support a new range of products to be provided to customers by Pattonair.
As part of the strategic review the non-aerospace and defence activities of Compstock Electronics have been sold to two existing company directors. This business, which will trade using a new name, was not viewed as core to UMECO’s strategy.
The new products being added to the portfolio will be sourced through a new strategic collaboration agreement with Airtechnics, Inc and will allow Pattonair to supply electromechanical and interconnect products throughout Europe in addition to the range of passive products currently available. Pattonair can now source Airtechnics authorized lines of military specification electrical and electronic components, including switches, annunciators, circuit breakers, relays and interconnects products.
Airtechnics was founded in 1957 in Wichita, Kansas, has a number of customers within Europe, and will now work with Pattonair to provide market-specific sales and technical support. Airtechnics is a major distributor for Eaton Aerospace (relays, contactors, mechanical products circuit breakers, lighted and non lighted switches and annunciators, LED switches, NVIS annunciators and switches), Deutsch (relays and interconnect products), Aero Electric Connectors, Airborn connectors, Radiall connectors, Teledyne relays, Glenair interconnect products, E-T-A Circuit Breakers, Airpax Circuit Breakers, Electroswitch, Panduit, Thomas & Betts, Hellerman Tyton, Nexus, Sumitomo, Canusa, Marl LED, GE Lamps, Microlamps, and Cooper Bussman.
Jason Crabtree, Chief Executive of UMECO Components, said, “Our customers are increasingly looking to reduce their vendor bases. As most of our existing electronics customers already buy hardware from Pattonair this represents a logical development. It considerably broadens the offering to our important customers in the aerospace and defence sectors. We also aim to increase sales of our hardware products to those in the electronics industry that are not Pattonair customers today. The overall level of quality, service and capability that we provide to our customers across Europe, Middle East and Asia will be enhanced by this move”.