CTS Corp. announced that it has completed the divestiture of the noncore businesses of its wholly owned subsidiary, Dyanamics Corp. of America (DCA), which it acquired in October 1997.
The Elkhart, Ind., company -- which has been shifting its focus away from passive, electromechanical, hybrid, and interconnect components and toward the growing market for wireless- communications ICs -- said it has sold DCA's Anemostat Products and Anemostat-West divisions to Mestek Inc. for an undisclosed amount. Those divisions manufacture air-distribution products, fume-hood control systems, and vision-frame and louver products for fire-rated doors for the commercial construction industry.
DCA's frequency and thermal-management product lines have been integrated into CTS' core business, the company said.
Last month, CTS completed its acquisition of Motorola Inc.'s Component Products Division, which is now called Wireless Components Inc. With that acquisition, approximately 40% of CTS' revenue is now derived from component product sales to the wireless-communications industry, the company said. CTS is aiming for at least half of its revenue to come from sales of its communications products, according to company executives.