Sierra Peaks Acquires Tibbetts Industries

Albuquerque, New Mexico: Sierra Peaks, a privately held corporation, is very pleased to announce its recent strategic acquisition of Camden, Maine based Tibbetts Industries. IntriCon Corporation (NASDAQ http://www.nasdaq.com/press-release/intricon IIN http://www.nasdaq.com/symbol/iin) of Arden Hills, MN sold Tibbetts to Sierra Peaks, including associated security and acoustic transducer business on January 27, 2014. Financial terms of the acquisition were not disclosed.

Sierra Peaks has distinguished itself for over 50 years as a leader in design, development, manufacture and testing of unique electro-mechanical systems for various branches of the US Government, Military, Law Enforcement and Commercial sectors, including aerospace, automation and biometrics. Veteran-owned and headquartered in Albuquerque, New Mexico, the company employs engineers, technicians, and artisans with expertise in numerous specialized fields. The company prides itself on being agile, creative, and current with emerging technologies in integrations, micro & miniature body-worn devices, textiles, audio & video, and biometrics. In 2006, Sierra Peaks opened a satellite office in Fairfax, VA to better serve its US Government customers. The acquisition of Tibbetts adds deep competency in system integration, acoustics, and miniature manufacturing of specialty microphones and speakers that will position the company for additional growth.

Sierra Peaks Tibbetts is pleased to have aligned such historically significant companies and has retained highly-skilled and dedicated Tibbetts employees and capabilities. The Camden, ME operation will remain where it has operated for almost 70 years. John Rockwell, President of Sierra Peaks Tibbetts said, “The acquisition of Tibbetts provides a multitude of synergies for our existing business as we look to further broaden our engineering, technical skills and manufacturing capabilities. We intend to serve the loyal customer base of Tibbetts Industries, while expanding our reach and product offerings.” Tibbetts Industries has served government, hearing health, and medical device markets with cutting edge acoustic transducers, miniature coils, and custom engineering solutions since 1945. “Our mission is to make great products and provide solid jobs in a fun working environment.” said Rockwell.

For related questions, please contact J.T. Howell, Chief Operating Officer or Simon Goldfine, Strategic Account Manager @ 505-345-5577 or Chris Moiles, Camden ME USG Contracts Manager or Michael Drickey, Camden ME Plant Manager @ 207-236-3301.