Cypress Industries Acquires Concurrent Manufacturing Solutions of Matamoros, MX
Austin-based global contract manufacturer Cypress Industries has acquired Concurrent Manufacturing Solutions, located in Matamoros, Mexico. Adding 135 employees and 100,000 square foot facility allows Cypress Industries to offer a greater range of manufacturing solutions to customers across the globe.
"Concurrent is a world-class sheet metal, circuit board and wire harness manufacturing facility,” says Cypress Industries CEO, Tom Lonsdale. “By merging Concurrent with our other facilities in the United States and India, we have achieved capabilities unprecedented for a midsize contract manufacturer."
"With manufacturing facilities in three countries, we can offer customers lower pricing, improved lead times and streamlined services,” says Lonsdale. “The addition of Concurrent Manufacturing Solutions to our company will allow us to continue our 25-30% year-over-year growth rates."
Cypress Industries is a leading, vertically-integrated contract manufacturer. Our capabilities include printed circuit board assemblies, sheet metal, electromechanical assemblies, custom cable assemblies, wire harnesses, machining, and plastic injection molding. Other core competencies include design for manufacturability and value engineering. Our vertical integration enables us to be a one-stop shop for customers, while our multiple manufacturing locations give customers flexibility and pricing options. Wholly-owned manufacturing facilities in Texas, Mexico and India give us the ability to service customers across the globe.