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Paramit Acquires Lathrop Engineering

June 21, 2016

Contract manufacturer Paramit has acquired instrumentation product development company Lathrop Engineering, the Morgan Hill, Calif.-based company announced Tuesday.

“With the acquisition of Lathrop Engineering, we will add product development to our offerings, seamlessly blending it with our manufacturing capability,” said Paramit CEO Billoo Rataul.

Financial terms were not disclosed. — Anisa Jibrell

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