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Thomas B. Smiley of <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />Carlsbad announced the acquisition of Precision Circuits of San Diego from Kathrand Corporation. The new company will operate under the Precision Circuits of San Diego brand and is incorporated as First Circuit, Inc.
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The acquisition was partially funded through Discovery Bank in San Marcos, a local community bank which was founded in 2001 to assist local businesses.
Precision Circuits has served the area since 1985 and recently added black box design, board layout, and component assembly to round out the circuit board fabrication capability. They will continue to serve the dynamic development community here in the greater San Diego area.
Smiley stated "We are working diligently to make this a very smooth transition for existing customers, with no change in location, phone, email, or terms."
"We will however, look at all of our operating systems and process capabilities, making improvements where necessary. Our mission is to provide superior, competitive, end to end support for quick turn prototype and early development electronic project needs. To that end, additional equipment is planned and several pieces are already on order. We intend to be nothing less than the premier source for San DiegoCounty's development community and low volume manufacturer."
All existing employees will be retained as well as one of the former owners, Sam Richards. Sam will continue in an engineering role supporting the expanding design side of the business.
Precision Circuits web address is www.precisionpcbs.com.