October 20, 2008
GOVERNOR BARBOUR: 200-PLUS HIGH-SKILLED ELECTRONICS JOBS TO REMAIN IN CORINTH
Ayrshire Electronics Acquires Assets of ACT Electronics
JACKSON, Mississippi – Governor Haley Barbour announced today that Louisville, KY-based Ayrshire Electronics will acquire the assets of a Corinth company that had said it would close by the end of the year. The move by Ayrshire Electronics to acquire assets of ACT Electronics is expected to put the first of 200-plus workers back on the job as early as Tuesday under the umbrella of a new corporate structure and new management.
Under terms of the acquisition, Ayrshire, a manufacturer of highly sophisticated electronic solutions such as printed circuit board assemblies, and box-build integration products, will begin business operations in Corinth immediately. ACT Electronics has handled subassemblies for electronic devices, such as telephone piece parts and telephone ring generators, as well as other products.
“I want to congratulate and compliment the Alcorn County Board of Supervisors and local economic developers who went to work very quickly when the ACT closure was announced to find a way to salvage these jobs that are so vital to northeast Mississippi,” Governor Barbour said. “Our team at the Mississippi Development Authority and I have been working hard over the past few days to help facilitate this acquisition by Mississippi’s newest corporate citizen, Ayrshire Electronics, and I look forward to a long, productive relationship.”
Ayrshire Electronics is a full-service, privately-held electronics manufacturing firm headed by Chairman Milo D. Bryant, former Secretary of Transportation and Commissioner of Highways in Kentucky. The company has other electronic manufacturing facilities located in Minnesota, Arkansas, Kentucky and Reynosa, Mexico, as well, as two hydraulic lift companies based in Louisville, Kentucky.
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