|By PR Newswire||
|March 4, 2013 06:00 AM EST||
HAMPSTEAD, Md., March 4, 2013 /PRNewswire/ -- Breidon, Inc. ("Breidon") announced today the acquisition of The Bechdon Company ("Bechdon"). Bechdon is a top manufacturer of precision machined products for aerospace, defense, and intelligence community customers.
As a result of the transaction, Bechdon will now be affiliated with Ridge Engineering, Inc. ("Ridge") through common ownership with Breidon. The two companies will continue to operate independently, with each company leveraging their individual core competencies to generate new opportunities and build increased value for their customers. Bechdon will continue to operate at its location in Upper Marlboro, MD, a facility comprising 53,000 square feet and with more than 90 specialized pieces of machinery that enable its precision machining and fabrication capabilities. All Bechdon employees are being retained post-transaction.
Paul Dittner, president of Bechdon, commented, "This acquisition is a significant turning point for Bechdon, allowing us to transition into a new era of service and prosperity for the company, our employees and our customers. Further, we are pleased to be affiliated with Ridge Engineering, which will give our customers access to new, readily available capabilities."
David Tracey, president of Ridge Engineering stated, "We are excited that our close ties with Bechdon will allow us to serve our customers with an increased level of capabilities and efficiencies, and gain a competitive advantage in the market. This acquisition reinforces and enhances our ability to service our customers' needs as a high level total solution provider in the aerospace and defense industries."
Ridge Engineering was advised in the transaction by Miles & Stockbridge. The Bechdon Company was advised in the transaction by SC&H Capital and Gebhardt & Smith.
About The Bechdon Company
The Bechdon Company, Inc., located in the Baltimore/Washington area has been serving the Aerospace, Defense, and Commercial manufacturing community since 1966. The company offers a broad range of precision machining services including 5-axis capability on machines with travels to 196 inches and 18,000 RPM, as well as Wire and Ram (Sinker) EDM utilizing the latest improvements in CNC technology. www.bechdon.com
About Ridge Engineering
Ridge Engineering was established in 1967 and currently provides precision machining, vacuum and dip brazing and sheet metal fabrication services to the defense industry. The company has approximately 80,000 square foot facility in Hampstead, MD. The acquisition furthers Ridge Engineering's prototyping and production capabilities while adding to the company's defense and intelligence customers. www.ridgeeng.com
Paul Dittner, The Bechdon Company
David Tracey, Ridge Engineering, Inc.
SOURCE The Bechdon Company